Financial Stability Board and Gig economy: Difference between pages

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''Financial markets supervision''.
The UK Chartered Institute of Personnel and Development (CIPD) defines 'gig economy' workers to include individuals who use an online platform to:
*Provide transport using their own vehicle (e.g. Uber)
*Deliver food or goods (e.g. Deliveroo)
*Perform short-term jobs (e.g. TaskRabbit)
*Undertake other similar services.


(FSB).


The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs).
<span style="color:#4B0082">'''''Policy-makers struggling with gig economy'''''</span>


:"Some see it as part of a general shift of work towards less secure and more exploitative employment; others see it as creating a new form of flexible working that gives individuals new choices about how, when and where they work.


The Board is established to:
:"... policy-makers and others are struggling to come to terms with the phenomenon and what it might mean for employment practice, employment regulation and the quality of work.


# Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and
:"The gig economy has not, as yet, fundamentally changed the nature of work in the UK...
# Thereby promote international financial stability.  


:"The conventional employment statistics, however, do not provide a complete picture because some forms of atypical work cut across the distinctions between permanent and temporary. For example, many people on zero hours contracts - and many agency workers - have permanent contracts.


The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.
:"Moreover, employment law recognises a category of ‘worker’ between employee and self-employed which is not reflected in the employment numbers."


:''To Gig or Not to Gig, March 2017, p2 - Chartered Institute for Personnel and Development.''


In the event of future crises, the FSB stands ready to coordinate cross-border crisis management.


== See also ==
* [[Agency]]
* [[IR35]]
* [[Unicorn]]
* [[Zero hours contract]]


== See also ==
[[Category:The_business_context]]
* [[Basel Committee on Banking Supervision]]
* [[Basel III]]
* [[EDTF]]
* [[Moral hazard]]
* [[Standard Setting Body]]
* [[G20]]
* [[MCT]]

Latest revision as of 11:15, 11 July 2018

The UK Chartered Institute of Personnel and Development (CIPD) defines 'gig economy' workers to include individuals who use an online platform to:

  • Provide transport using their own vehicle (e.g. Uber)
  • Deliver food or goods (e.g. Deliveroo)
  • Perform short-term jobs (e.g. TaskRabbit)
  • Undertake other similar services.


Policy-makers struggling with gig economy

"Some see it as part of a general shift of work towards less secure and more exploitative employment; others see it as creating a new form of flexible working that gives individuals new choices about how, when and where they work.
"... policy-makers and others are struggling to come to terms with the phenomenon and what it might mean for employment practice, employment regulation and the quality of work.
"The gig economy has not, as yet, fundamentally changed the nature of work in the UK...
"The conventional employment statistics, however, do not provide a complete picture because some forms of atypical work cut across the distinctions between permanent and temporary. For example, many people on zero hours contracts - and many agency workers - have permanent contracts.
"Moreover, employment law recognises a category of ‘worker’ between employee and self-employed which is not reflected in the employment numbers."
To Gig or Not to Gig, March 2017, p2 - Chartered Institute for Personnel and Development.


See also