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  "notes": "The slide details specific governance and operational requirements for legal entities to ensure continuity in a resolution scenario.",
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      "text": "These criteria are designed to ensure that our major operating entities are not forced into premature liquidation because of inadequate non-financial resources such as staff, technology, intellectual property, physical assets or access to critical FMUs.",
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      "text": "6. Alignment of Resources with the Entities they Serve:\n- Staff should normally be employed by the entity that benefits from their services or by an operationally and financially resilient service entity;\n- If staff are not employed by (or formally seconded to) the entity to which they provide services (for example, because they are employed by a service entity, because they work for several legal entities, because they live in a different country, or because of local registration requirements), the service they provide should be documented in a service-level agreement that allows for the continued provision of services in a resolution scenario;\n- Technology assets should normally be held on the balance sheet of a financially resilient service entity unless they benefit only one entity, in which case they should be held on its balance sheet;\n- The use of technology assets or facilities by an entity that does not own them should be documented in an agreement that allows for the continued provision of services in a resolution scenario;\n- Legal entities should have properly documented ownership interests in, or access rights to, the intellectual property from which they benefit;\n- Entities that have a critical dependency on another GS group entity for access to an FMU should have contingency arrangements in place for alternative access;\n- Resolution-critical third-party vendors should be readily identifiable, and legal agreements with them should contain resolution-resilient clauses that prevent termination due to a bankruptcy or insolvency filing by the service receiver, allow for assignability to other GS Group entities, and promote the provision of transition services in resolution.",
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      "text": "7. Protection of the Insured Depository Institution (\"IDI\"): \n- Our parent company, whether acting directly or through our Funding IHC, should act as a source of strength for our IDI and its branches and subsidiaries (IDI group);\n- Our IDI group should hold sufficient capital and liquidity to meet its regulatory and internal requirements in a business-as-usual context;",
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      "text": "Intercompany arrangements that mitigate interconnectedness reduce the likelihood that the failure of one legal entity will bring about the failure of its affiliates.",
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      "text": "2023 Resolution Plan",
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