FRANKFURT, March 22 Banks looking to relocate
from Britain to the euro zone after Brexit may face an easier
entry process, a European Central Bank board member said on
The ECB may be ready to temporarily waive an examination of
the financial models that banks use to determine the risk of a
default, as long as the banks meet the standards of British
regulators, Sabine Lautenschlaeger told bank executives in
"With a view to internal models, we would aim to be
accommodating regarding the timing," Lautenschlaeger said.
"There will be a transitional period in which new euro area
entities might use internal models that have not yet been
approved by the ECB."
(Reporting by Balazs Koranyi and Andreas Framke, editing by