JAKARTA, May 10 (Reuters) - Indonesia's parliament on Monday picked central bank director Halim Alamsyah as a deputy central bank governor in charge of overseeing the countrys' commercial banks and the development of domestic Islamic banking. The selection process came as authorities are finalising details of a draft legislation on a new financial regulator, called Financial Services Authority (OJK), which will oversee and regulate the country's financial industry including banks. The central bank's board of governors consists of a governor, a senior deputy governor and six deputy governors. Senior deputy governor Darmin Nasution is also working as acting governor of the central bank now. The central bank chief position has been vacant since then Bank Indonesia governor Boediono joined President Susilo Bambang Yudhoyono as his vice presidential running mate during the presidential elections late last year. U.S.-educated Alamsyah, 53, is currently a director in charge of research and regulations on commercial banks. Alamsyah will replace Siti Fadjrijah, whose term ends this month. Legislators picked Alamsyah over other candidates such as banker Krisna Wijaya, a member of the board of commissioners of the country's fifth largest lender Bank Danamon, and central bank director Perry Warjiyo. "His educational background in both law and economics will be his strength in carrying out the central bank's job in supervising the country's commercial banks," legislator Arief Budimanta said. The central bank was criticised by the Supreme Audit Agency last year after the agency's audit found that Bank Indonesia had violated its own regulations and did not provide adequate data regarding a government bailout of a small bank Bank Century in 2008. But the central bank has said the bailout of Bank Century was in line with existing regulations and that the bank rescue was necessary to prevent instability in financial markets. Alamsyah earned a master's degree in development economics at Boston University in the United States and has a doctorate in economics from University of Indonesia in Jakarta. He also studied law at the University of Gadjah Mada in Yogyakarta. (Reporting by Dicky Kristanto; Writing by Gde Anugrah Arka; Editing by Yoko Nishikawa) ((firstname.lastname@example.org; Reuters Messaging: email@example.com; +62 21 384 6364 ext 911)) Keywords: INDONESIA ECONOMY/CBANK (If you have a query or comment on this story, send an email to firstname.lastname@example.org) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
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