Chair of Euribor replacement rate group to step down

Koos Timmermans, the outgoing chief financial officer of Dutch bank ING, will be stepping down from his role as the chairman of the working group on euro risk-free rates, according to a European Central Bank (ECB) spokesperson.

  • By Costas Mourselas
  • 24 Sep 2018
ING announced on September 11 that Timmermans would step down from his position as CFO after the bank agreed to pay Dutch prosecutors €775m for failing to do enough to prevent money laundering at the institution. Timmermans has agreed to stay on in his position until his replacement ...

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