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...ING’s chief financial officer, Koos Timmermans, resigned over the scandal....
...“In light of these circumstances and in consultation with the supervisory board, Koos Timmermans will step down,” it said, adding that he would stay in place until a replacement was found....
...Last week, finance director Koos Timmermans finally resigned after the bank was fined €775m by Dutch prosecutors for weak controls that allowed serial laundering to take place....
...Job moves ING chief financial officer Koos Timmermans has resigned after being singled out as responsible for the compliance failings that allowed companies to launder hundreds of millions of euros and...
...Timmermans, vice-chairman of ING....
...Koos Timmermans, chief risk officer, said ING was comfortable with its exposure....
...However, loan loss provisions rose to €772m, up from €98m a year earlier and €576m in the preceding quarter. ”You can see the crisis turning from the financial to the real economy,” Koos Timmermans, chief...
...“Originating mortgages takes time,” said Koos Timmermans, chief risk officer. “So the first thing we did was invest in Fannie Maes and Freddie Macs....
...Asked whether ING could rule out more state aid, Koos Timmermans, chief risk officer, said: “[Our] starting position in the current environment is good… But you don’t precisely know where this stops so making...
...Just over a year ago, the banking and insurance group formally split its risk and finance functions with the elevation of Koos Timmermans from deputy chief risk officer to chief risk officer....
...“We have effectively given the bond the characteristics of a loan and thereby strengthened the capital position and cashflows,” says Koos Timmermans, ING’s chief risk officer....
...“From a market value perspective this was a terrible quarter,” Koos Timmermans, ING’s chief risk officer, told the Financial Times....
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