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A new advisory on good human resource practices for banks (Tripartite Advisory) was launched on 14 March 2018. The Tripartite Advisory was jointly developed by The Association of Banks in Singapore, Monetary Authority of Singapore, Ministry of Manpower, National Trades Union Congress and Singapore National Employers Federation.

The Tripartite Advisory sets out non-binding good practices specifically for banks in hiring, reskilling, redeployment and retrenchment of their employees, and encourages banks to equip their workforce with relevant skills and capabilities to meet the future needs of the industry.

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