Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (OF02.01.01.03, OF02.01.01.01, OF02.01.01.02, Bank of England check boe_b0723_7)

The rule in plain words

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 02Add up the parts in your return and compare the result with the total.
3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
5. 05It runs only when your filing indicators mark OF02.01.01 as reported.
6. 06This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.

The cells it reads

A worked example

With simple numbers.

Which returns it applies to

Line4 Check runs it on the own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds (PRA001) returns, as a warning.

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.

Other rules on Output floor - Total RWA (OFL) (OF02.01.01.03)

Every PRA banking rule on OF02.01.01.03

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.