2. Introduction
Inhoudsopgave Bestuursverslag Corporate governance Jaarrekening Rabobank Groep Jaarrekening Rabobank
This document presents the consolidated Capital Adequacy
and Risk Management report (hereafter referred to as Pillar 3) of
Rabobank Group ('Rabobank') as at 31 December 2015.
In addition to the changes required under CRD IV, there remain
ongoing regulatory developments that Rabobank monitors
closely and of which it assesses the impact.
Rabobank operates under the CRD IV capital framework which
came into force at the start of 2014. CRD IV constitutes the
Basel framework which seeks to align regulatory requirements
with the economic principles of risk management.The CRD
IV was implemented into Dutch law as amendments to the
'Wet op het financieel toezicht' and further accompanying
regulations. Pillar 3 requirements under CRD IV are designed
to promote market discipline through the disclosure of key
information about risk exposures and risk management
processes. Rabobank's 2015 year end disclosures are prepared
in accordance with the CRD IV requirements and associated
guidelines of the European Banking Authority (EBA) technical
standards that are in force at 31 December 2015.
The implementation of CRD IV is subject to transitional
arrangements. By 1 January 2018 all CET1 capital deductions
should be phased in and the non-eligible Tier 1 capital
instruments will be phased out by 1 January 2022.
Consequently, Rabobank's capital position is presented
by applying the transitional arrangements. Rabobank also
disclosed the end-point CRD IV rules (i.e. fully loaded basis) for
information purposes.
The remainder of this report contains:
Section 3: Introduction to Rabobank Group;
Section 4: The approach to risk management, the
organisation and the risk management
framework;
Section 5: Capital management, Regulatory and Economic
Capital and key capital ratios;
Section 6: Credit Risk (including counterparty credit risk)
and equities in the banking book;
Section 7: Securitisation in the Rabobank portfolio;
Section 8: Operational Risk management;
Section 9: Market risk and interest rate risk framework;
Section 10: Liquidity Risk management framework and
measurement;
Section 11: Remuneration principles and policy.
314 Rabobank Jaarverslag 2015
