Coöperatieve Rabobank U.A.
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Publicatie datum
29 okt 2013 - 13:30
Statutaire naam
Coöperatieve Rabobank U.A.
Titel
Rabobank Settles Libor and Euribor Investigations
Bericht
• Rabobank has entered into settlements with various authorities and agreed to pay approximately EUR 774 million.
• Piet Moerland resigns with immediate effect as Chairman of the Bank’s
Executive Board and is succeeded by Rinus Minderhoud on an interim
basis.
• 30 Rabobank employees were in some way involved in inappropriate
conduct.
• Rabobank did not sufficiently appreciate the risks associated with the
Libor and Euribor submission processes.
• The Executive and Supervisory Boards of Rabobank sincerely regret
these matters.
• Top management was neither involved in nor aware of inappropriate
conduct.
• Rabobank took strong disciplinary action.
• Rabobank has launched a comprehensive package of measures to enhance compliance, reduce risk and improve culture.
• Rabobank has taken extensive steps to strengthen systems and controls relating to its interest rate benchmark submission processes.
• Rabobank will remain financially stable despite the payment of these significant settlement amounts.
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Datum laatste update: 17 december 2025