Question
When will the validation rule v5839_m reflect changes recommended in Q&A 5434 of the Single Rulebook Q&As?
Background on the question
The EBA answer to Q&A 5434 states that “Instructions specify that this maximum single loss may be higher than the highest single loss recorded in each business line where a loss event impacts different business lines.” Hence, the value in row 0950 can be HIGHER than the maximum of the values in rows 0050, 0150, … ,850. However, the validation rule v5839_m does not allow that. It only allows the value in row 950 to be EQUAL TO max of values in row 0050, 0150, ... ,850. Also, Q&A 5434 states that “This way, the validation rule shall be restored to its previous version (>=instead of =) to take this into account and accept amounts higher than the maximum single loss reported amongst business lines”. However, the validation rule in version 3.2(3.2.1) of “EBA validation Rules 2022-06-13” is not updated.
Answer
This question has been rejected because the matter it refers to has already been identified and will be considered for a forthcoming release of the respective validation rules.