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  • Current Affairs (100)
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Question 1

Consider the following statements:

1. The Clawback Aarrangement permits the banks to prevent vesting of all or part of the amount of a deferred remuneration.

2. Malus is a contractual agreement between the employee and the bank, in which the employee agrees to return the previously paid or vested remuneration to the bank, under certain circumstances.

Which of the statements given above is/are correct?

A.

1 only

B.

2 only

C.

Both 1 and 2

D.

Neither 1 nor 2