53 Rabobank Group Annual Report 2004 Organisation and risk management Risk management The management of Rabobank Group is based on its strategic principles and, by extension, on the interrelationship between risk, return and reserves. Both the Dutch Central Bank and the bank itself have formulated standards concerning Rabobank's organisation and control. The standards of the Dutch Central Bank are laid down for example in the Regulation on Organisation and Control, which forms the framework for the organisation and control of Rabobank Group's activities. For further information, please refer to the relevant sections in this Annual Report and the chapter on Risk management in particular. In view of the above, the Executive Board believes that Rabobank Group's internal risk management and control systems meet the relevant requirements and are adequate and effective. For the explanation of the deviations from the Tabaksblat Code, please visit www.ra bo ba n k.co m content/investors/financials.jsp

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Annual Reports Rabobank | 2004 | | pagina 53