Part 1: Aggregate information: a value must not be less than another (SR807.01.07.02, Bank of England check boe_b1059_m)

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.

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Compare the values in your return. If the first is smaller than it may be, one of them is wrong: check both before you change either.
3. 03It runs only when your filing indicators mark SR807.01.07 as reported.
4. 04This 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

Which returns it applies to

Line4 Check runs it on the use of financial market infrastructures (RFB007) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to use of financial market infrastructures (RFB007) returns, as a warning.

The Bank’s own words and formula

The plain words above spell out the Bank’s formula, with each cell named from its templates. In the Bank of England’s list of validations, word for word:

boe_b1059_m: T1: SR807.01.07.02; Expression: {SR807.01.07.02, c110} >= {SR807.01.07.02, c100}

Other rules on Part 1: Aggregate information (SR807.01.07.02)

Every PRA banking rule on SR807.01.07.02

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.