The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DoLE) are in the process of crafting new guidelines governing outsourcing of jobs in the banking industry.
The new guidelines are intended to harmonize the regulations on outsourcing currently covered by BSP Circular 268 and DoLE Department Order 18-02, which both contain conflicting provisions on outsourcing in the banking industry.
The move to craft new guidelines was prompted by grave concerns of National Union of Bank Employees (NUBE) on the outsourcing of jobs of regular workers in the banking industry in the face of very liberal provisions in BSP Circular 268. “Outsourcing has become rampant since the enactment of BSP Circular 268 and has resulted in job losses,” NUBE national president Jose Umali Jr. stressed.
During the colloquium on “What Makes a Bank a Bank” organized jointly by the DoLE’s Bureau of Labor Relations and NUBE held recently, Johnny Noe Ravalo, BSP managing director, outlined seven proposed areas that “will effectively be deemed as inherent to a bank.”
These areas are deposit-taking, lending, management functions, activities covered by specific guideline and license, compliance functions, internal audit and risk management. According to Ravalo, these areas are the core of the proposed revisions to the existing outsourcing framework. –Daily Tribune
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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