
Rabobank to expand corporate risk management services
"The new working method fits in perfectly with the International Accounting Standards that will go into effect on January 1, 2005. We want to send a clear signal to our corporate clients by accepting responsibility for a careful and transparent mutual relationship. Analysing the client's knowledge level and business situation in this way makes it possible to carefully fine-tune products accordingly," said Paul Dirken, director of corporate clients in the Netherlands.
The main thing that will change for clients is that a risk profile will be formulated together with the account manager. More product and risk information will also be made available, Rabobank said.
In addition, corporate clients will be able to track the development of the mark-to-market value of their outstanding treasury deals on a dedicated website. If this amount is in danger of being exceeded, the client and his account manager will be notified electronically.
Rabobank has also developed special derivatives documentation and contracts in Dutch in accordance with Dutch law. In the past, International Swaps and Derivatives Association documentation was available only in English in accordance with English law, which made it difficult for clients to estimate financial business risks, the bank added.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
Market blocked in by volume caps on European DLT regime
Limited scope of pilot project risks holding back issuer and depository participation
SVB opens floodgates on liquidity buffers debate
European regulator says HQLAs should be booked at fair value, but not everyone agrees
SEC cyber rules risk creating web of confusion and costs
Proposals would require breach notifications, public disclosures and annual cyber assessments
Indonesia readies close-out netting after passing P2SK Law
Bankruptcy law changes remove close-out netting obstacles
Top 10 operational risks: The umpire strikes back
Tougher regulatory enforcement, new consumer rules and rise of ESG are ringing alarm bells
Behnam comments fan JSCC hopes for US client clearing
Japan clearing exec welcomes CFTC chair’s pledge to keep discussing OTC clearing status for non-US houses
SVB wouldn’t happen in Europe, says Deutsche CIB head
Campelli also thinks Credit Suisse’s bailed-in AT1 bonds acted as originally intended