Credit risk and free deliveries: IRB approach to capital requirements: specialised lending slotting approach (CR IRB 6): values must agree (OF08.06.01.01, OF08.01.01.01, Bank of England check boe_b0829)

The rule in plain words

The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.

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 OF08.01.01 and OF08.06.01 as reported.

The cells it reads

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 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.

Other rules on Credit risk and free deliveries: IRB approach to capital requirements: specialised lending slotting approach (CR IRB 6) (OF08.06.01.01)

Every PRA banking rule on OF08.06.01.01

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.