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      "text": "Refer to \"Note 18 Provisions and contingent liabilities\" in the \"Consolidated financial statements\" section of this report for more information about litigation, regulatory and similar matters",
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      "text": "In recent years, we have aligned support functions and business divisions. The vast majority of such functions are fully aligned or shared among business divisions, where they have full management responsibility.",
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      "text": "Group Treasury manages balance sheet structural risk (e.g., interest rate, structural foreign exchange and collateral risks) and the risks associated with our liquidity and funding portfolios. Group Treasury serves all business divisions and its risk management is integrated into the Group risk governance framework.",
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      "text": "Non-core and Legacy Portfolio, a small residual set of activities in Group Treasury and certain other costs that are mainly related to deferred tax assets and costs relating to our legal entity transformation program are all retained centrally.",
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      "text": "Non-core and Legacy Portfolio manages legacy positions from businesses exited by the Investment Bank, following a largely passive wind-down strategy. Overseen by a committee chaired by the Group Chief Financial Officer, its portfolio also includes positions relating to legal matters arising from businesses transferred to it at the time of its formation.",
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      "text": "On 1 July 2021, following the Group-wide decision to move each of the firm's business-aligned Operations teams into their respective divisions in order to become even more client-centric, agile and digital, while creating a seamless experience for our clients, each of the Operations teams were formally moved out of Group Functions and integrated into the respective business divisions.",
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