- ECB's Lautenschlaeger: 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
Market news
22 March 2017
ECB's Lautenschlaeger: 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
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The transitional period will cease as soon as we have approved or rejected the bank's model application
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Eurogroup head Dijsselbloem's comments on southern countries were "wrong"
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We are aware that it is a burden for UK banks to apply for a new licence in the EU
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With a view to internal models, we would aim to be accommodating regarding the timing
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