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53 Events after the reporting period
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
The following table shows the nature and risks of Rabobank's
interests in non-consolidated structured entities.The size of
non-consolidated structured entities generally reflects the
carrying amount of the assets and the contingent liabilities.
The maximum exposure equals the carrying amount disclosed
in the table below.
in millions of euros
On 31 December 2017 On 31 December 2016
Assets recognised by Rabobank
Securitisations
Other
Total
Securitisations
Other
Total
Financial assets held for trading
2
63
65
38
83
121
Financial assets designated at fair value
106
106
92
92
Derivatives
246
246
418
418
Loans and advances to customers
501
501
712
712
Available-for-sale financial assets
28
28
56
180
41
221
Investments in associates
290
290
322
322
Total financial assets recognised by Rabobank
777
487
1,264
1,348
538
1,886
Liabilities recognised by Rabobank
Derivatives
(1)
(1)
4
4
Deposits from customers
213
213
260
260
Total liabilities recognised by Rabobank
212
212
264
264
Income from sponsored, non-consolidated structured entities
in which Rabobank holds no interest:
Fee and commission Carrying amount of
in millions of euros income Interest income Other results Total income transferred assets
On 31 December 2017
Securitisations - -
Asset management - -
Total - -
On 31 December2016
Securitisations
Asset management
Total
On 2 January 2018 Rabobank announced that its California-
based subsidiary has taken a provision of EUR 310 million in
2017.This decision anticipated on an expected settlement
connected to previously disclosed investigations. RNA has
been under investigation since 2013 by the U.S. Department
of Justice and other U.S. authorities for possible violations of
the U.S. Bank Secrecy Act and other regulations and statutes in
relation to its historical AML compliance programme, and the
Office of the Comptroller of the Currency's ('OCC') examination
of that programme in the past. RNA has been cooperating with
the authorities during their investigations, and in February 2018
these discussions have been settled in line with the provision
taken. Besides this event no other material events after the
reporting period occurred.
Rabobank Annual Report 2017 - Consolidated financial statements
240
