The rule in plain words
Number of rows in table OF24.03.01.09 should be equal to number of rows in table OF24.03.01.03
In Market risk: IMA backtesting and P&L_Part 3 - Trading desk general information (MKR IMA2) (OF24.03.01.03): "Desk changes" (column 0030) must be reported, and "T" (column 0020) in Market risk: IMA backtesting and P&L_Part 9 - Trading desk Risk Theoretical P&L (MKR IMA2) (OF24.03.01.09) must be reported.
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 OF24.03.01 as reported.
The cells it reads
Market risk: IMA backtesting and P&L_Part 2- Firm-wide risk measures information (MKR IMA2) (OF24.03.01.02)
Row
- R0060Risk Theoretical P&L
Column
- C0010T
Market risk: IMA backtesting and P&L_Part 3 - Trading desk general information (MKR IMA2) (OF24.03.01.03)
Column
- C0030Desk changes
Market risk: IMA backtesting and P&L_Part 9 - Trading desk Risk Theoretical P&L (MKR IMA2) (OF24.03.01.09)
Column
- C0020T
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.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
not(isNull({t: OF24.03.01.03, c: 0030})) and not(isNull({t: OF24.03.01.09, c: 0020}))Other rules on Market risk: IMA backtesting and P&L_Part 3 - Trading desk general information (MKR IMA2) (OF24.03.01.03)
- Number of rows in table OF24.03.01.04 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_1)Blocking
- Number of rows in table OF24.03.01.05 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_2)Blocking
- Number of rows in table OF24.03.01.06 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_3)Blocking
- Number of rows (trading desk number) in table OF24.03.01.07 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_4)Blocking
- Number of rows (trading desk number) in table OF24.03.01.08 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_5)Blocking
- Number of rows in table OF24.03.01.09 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_6)Blocking
- Number of rows in table OF24.03.01.04 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_7)Blocking
- Number of rows in table OF24.03.01.05 should be equal to number of rows in table OF24.03.01.03 (boe_b0919_8)Blocking
Every PRA banking rule on OF24.03.01.03
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.