"Foreign exchange risk" must not be less than "Of which: mapped exclusively to foreign exchange risk category" (C34.03.01.01, Bank of England check v09818_m)

The rule in plain words

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. 03The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
4. 04It runs only when your filing indicators mark C34.03.01 as reported.
5. 05This 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 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 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:

v09818_m: [C34.03.01.01 (c0030;0040;0050, All sheets)] {r0120} >= {r0130}

Other rules on Counterparty credit risk: CCR exposures treated with standardised approaches: SA-CCR or simplified SA-CCR (CCR 3) (C34.03.01.01)

Every PRA banking rule on C34.03.01.01

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.