The rule in plain words
Total consolidated assets cannot be less than total assets.
EBA checks it for four columns: average over past 12 months, month t, month t-1 and month t-2. That makes four checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Average over past 12 months: Total consolidated assets >= Total assets
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark I 10.01 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Verification of total assets at individual level and group test (CI test 1) (I 10.01)
Rows
- 0010Total assets
- 0020Total consolidated assets
Columns
- 0010Average over past 12 months
- 0020Month t
- 0030Month t-1
- 0040Month t-2
A worked example
The first of its checks, with simple numbers.
Total assets can then be at most 1,200.
A file that reports 1,200 passes. One that reports 1,300 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{I_10.01,r0020,c0010,} >= {I_10.01,r0010,c0010,}The next three:
{I_10.01,r0020,c0040,} >= {I_10.01,r0010,c0040,}{I_10.01,r0020,c0030,} >= {I_10.01,r0010,c0030,}{I_10.01,r0020,c0020,} >= {I_10.01,r0010,c0020,}Other rules on I 10.01
- Total assets must be reported (v11329_e)Warning
- Total value of consolidated assets of relevant undertakings in the group, month t must equal month t (all sheets added up) (v11332_m)Warning
- Total value of consolidated assets of relevant undertakings in the group, month t-1 must equal month t-1 (all sheets added up) (v11333_m)Warning
- Total value of consolidated assets of relevant undertakings in the group, month t-2 must equal month t-2 (all sheets added up) (v11334_m)Warning
- Total value of individual assets of relevant EU branches of the third-country group, average over past 12 months must equal consolidated assets: average over past 12 months (v11335_m)Not run yet
- Total value of individual assets of relevant EU branches of the third-country group, month t must equal month t (v11336_m)Not run yet
- Total value of individual assets of relevant EU branches of the third-country group, month t-1 must equal month t-1 (v11337_m)Not run yet
- Total value of individual assets of relevant EU branches of the third-country group, month t-2 must equal month t-2 (v11338_m)Not run yet
Every IFR threshold monitoring rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.