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1 min readBlockingBank of England banking taxonomy 4.1.1Updated 11 November 2026

Prudent valuation: model risk AVA (PRUVAL 3): "of which: aggregated using method 2" must not be more than "Model risk AVA" (C32.03.01.01, Bank of England check v6361_m)

A blocking check on the prudent valuation: model risk AVA (PRUVAL 3) template (C32.03.01.01), in the own funds (PRA001) return.

Line4 Check does not run it on the own funds (PRA001) return. Held back after a different result on a test file. It gave a different result on at least one of Line4’s test files: a different outcome, or a different number of times tested. It is held back while we settle which is right, and stays out until it is proven.

Check your PRA001 returnWhat to do if it fails

Line4 Check does not run this check yet, so the button checks your return against the Bank's other checks for it. The validation run when you submit includes this one.

The rule in plain words

In Prudent valuation: model risk AVA (PRUVAL 3) (C32.03.01.01): "of which: aggregated using method 2" (column 0070) must not be more than "Model risk AVA" (column 0050).

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 bigger than it may be, one of them is wrong: check both before you change either.
  3. 03This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Prudent valuation: model risk AVA (PRUVAL 3) (C32.03.01.01)

Columns

  • C0050Model risk AVA
  • C0070of which: aggregated using method 2

Which returns it applies to

It is an active check of the Bank's for the own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. Line4 Check does not run it yet, for the reason above. The Bank of England applies it to own funds (PRA001) returns, as a blocking check.

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:

v6361_m: [C32.03.01.01 (All rows)] {c0070} <= {c0050}
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: C32.03.01.01, c: 0070} <= {t: C32.03.01.01, c: 0050}

Every PRA banking rule on C32.03.01.01

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.