Mandatory Remuneration Clawback Provisions: A Brief Look into the Advantages & Disadvantages of the Australian Prudential Regulation Authority’s Proposal
Executive Summary This submission aims to provide recommendations for APRA to consider regarding their proposal that significant financial institutions “must allow for variable remuneration to be recoverable for at least two years after the end of the deferral period, and a further two years where an individual’s circumstances are under investigation” (APRA 2019). This report…