Question
Is this validation rule correct for intitutions which calculate their own funds requirement in accordance with the BIA ?
Background on the question
In the technical standard Annex 2, 4.2.2. "C 17.01: Operational risk losses and recoveries by business lines and loss event types in the last year (OPR DETAILS 1)" subparagraph it is written that: Institutions that calculate their own funds requirement in accordance with the BIA may report those losses for which the loss event type is not identified in column 080 only. Institutions that calculate their own funds requirement in accordance with the BIA can report those losses for which the business line is not identified in rows 0910-0980 only.
Answer
This question has been rejected because the matter it refers to has already been identified. We are aware that such validations can be breached for justifiable reasons, however, being a 'warning type' rule, it does not block the submission and it is preferable to be kept to capture the cases where it holds true.