Wednesday, October 1, 2014

Rabobank branches hitting power lost at headquarters – AD.nl

Rabobank branches hitting power lost at headquarters – AD.nl

By: editors
1-10-14 – 08:30 Source: Reuters
The head office of Rabobank in Utrecht. © anp.

Member banks are afraid of losing now the headquarters of the cooperative bank control and compliance is to their independence remove the individual banks. Reported that FD. Rabobank confirms that one of the options is to now move forward with a central banking license, while all 121 contiguous banks still have their own license now.



A working group led by Rabo director Rien Nagel and Theo Camps, president of the board of Rabo Nijmegen region, explores the possibilities of the structure of Rabobank in revised.

This is not only a significant cost to goal, but also a clearer separation of responsibilities. Nagel tells the newspaper that he wants to centralize. Monitoring and compliance more “That can in Utrecht or in clusters of local banks.”

Nagel denies that pressure from De Nederlandsche Bank (DNB) or future supervisor ECB is exercised to fit the model.

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