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1 min readBlockingBank of England banking taxonomy 4.1.1Updated 11 November 2026

Leverage ratio calculation (LRCalc): tier 1 capital (leverage) must be equal to: total exposure measure * leverage ratio (LV47.00.00.01, Bank of England check boe_b0005)

A blocking check on the leverage ratio calculation (LRCalc) template (LV47.00.00.01), in the leverage ratio (LVR001) return.

Line4 Check runs it on the leverage ratio (LVR001) return, proven on test files, check by check: the same outcome on all eight test files of that return.

Check your file for this rule

The rule in plain words

Tier 1 capital (leverage) must be equal to: total exposure measure * leverage ratio.

In each of "LR Exposure: Reporting reference date" (column 0010) and "Daily/Monthly Average over the reporting quarter (LREQ firms only)" (column 0020) of Leverage ratio calculation (LRCalc) (LV47.00.00.01): "Total exposure measure excluding claims on central banks - using a transitional definition of tier 1 capital (leverage)" (row 0300) multiplied by "Leverage ratio excluding claims on central banks - using a transitional definition of tier 1 capital (leverage)" (row 0340) must equal "Tier 1 capital (leverage) - transitional definition" (row 0320).

This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark LV47.00.00 as reported.

The cells it reads

Leverage ratio calculation (LRCalc) (LV47.00.00.01)

Rows

  • R0300Total exposure measure excluding claims on central banks - using a transitional definition of tier 1 capital (leverage)
  • R0320Tier 1 capital (leverage) - transitional definition
  • R0340Leverage ratio excluding claims on central banks - using a transitional definition of tier 1 capital (leverage)

Columns

  • C0010LR Exposure: Reporting reference date
  • C0020Daily/Monthly Average over the reporting quarter (LREQ firms only)

Which returns it applies to

Line4 Check runs it on the leverage ratio (LVR001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to leverage ratio (LVR001) returns, as a blocking check.

The Bank’s own words and formula

The first paragraph of the plain words above is the Bank of England’s own, word for word, from its list of validations. The second spells out its formula, with each cell named from its templates.

Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: LV47.00.00.01, r: 0300} * {t: LV47.00.00.01, r: 0340} = {t: LV47.00.00.01, r: 0320}

Where it applies, in the Bank's words (its scope):

scope({t: LV47.00.00.01, c:0010;0020, f: banking, fv: leverage_ratio})

Every PRA banking rule on LV47.00.00.01

Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.