ARXO-2026-0393 · Reported
Basel Framework: MAR33.42 vs MAR32.9 Table 1
The MAR32.9 Table 1 header cites MAR33.44 for the qualitative add-on, but that add-on is set in MAR33.42; MAR33.44 covers quarterly updates.
Consequence
Position: Amber zone, 7 exceptions, supervisor qualitative add-on 0.10 Reading a: 1.5 + 0.33 (plus) + 0.10 = 1.93 Reading b: Table value 1.83 + 0.10 = 1.93; or table value as plus alone 1.5+1.83 = 3.33 Difference: backtesting multiplier 1.93 vs 3.33 at worst
Proposed correction
Clarify or correct the cited passage so that the rule and its references give one result for the stated case.
- Issued by
- Basel Committee on Banking Supervision
- Act
- Basel Framework MAR33 (in force 2023-01-01, published 2020-06-05)
- Place
- MAR33.42 vs MAR32.9 Table 1
- Record
- Discrepancy
- Class
- Text of the act
- Where it arose
- The text of the act
- Arxo's conclusion
- Confirmed
- Official text
- Unchanged at last check
- Last checked
- 2026-10-31
Evidence
Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.
- For the backtesting add-on, the plus will range from 0 to 0.5 based on the outcome of the backtesting of the bank’s daily VaR at the 99th percentile| Backtesting zone | Number of exceptions | Number of exceptions | Backtesting dependent multiplier (to be added to any qualitative add-on per MAR33.44) |
How to check it without Arxo's tools
- Open Basel Framework MAR33 (in force 2023-01-01, published 2020-06-05) and find MAR33.42 vs MAR32.9 Table 1. Compare the text with the quotation above. A copy is kept in this register: f33a3dc87d0a2684-MAR33@2023-01-01~2020-06-05.txt (SHA-256
f33a3dc87d0a26846946b21e43938925ea5c15da64019e71c2fbdb63e73444b8, copy of the official file). - Open Basel Framework MAR32 (in force 2023-01-01, published 2020-03-27) and find MAR32.9 Table 1. Compare the text with the quotation above. A copy is kept in this register: 30e0ce13d8b9535c-MAR32@2023-01-01~2020-03-27.txt (SHA-256
30e0ce13d8b9535c74c31cf4bbdd5f0c059b1d7441f2129b686058bdb2515b6b, copy of the official file). - The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.
How this finding was made
AI models read the texts, built the examples and reviewed the findings.
Responsible institutions
- Basel Committee on Banking Supervision — maintains the Basel Framework
Reported to
| Date | Institution | Channel | Reference |
|---|---|---|---|
| 2026-10-31 | Basel Committee on Banking Supervision | https://mail.google.com/mail/u/0/#sent/KtbxLthRTjRNkqRtWGvxMWmXhVdckfWkGV |
Responses
No response recorded.
History
- 2026-10-31Confirmed by Arxo
- 2026-10-31Entered in the register
- 2026-10-31Reported to Basel Committee on Banking Supervision (e-mail)
Cite this record
Arxo Law, Arxo Findings Register, ARXO-2026-0393, https://arxo.io/findings/ARXO-2026-0393/ (status as of 2026-10-31). Data: ARXO-2026-0393.json.