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  "notes": "This slide details the internal liquidity risk models and the specific qualitative and quantitative assumptions used for stress testing.",
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      "text": "Severely challenged market environments, which include low consumer and corporate confidence, financial and political instability, and adverse changes in market values, including potential declines in equity markets and widening of credit spreads; and\nA firm-specific crisis potentially triggered by material losses, reputational damage, litigation and/or a ratings downgrade.",
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      "text": "Liquidity needs over a 30-day scenario;\nA two-notch downgrade of our long-term senior unsecured credit ratings;\nChanging conditions in funding markets, which limit our access to unsecured and secured funding;\nNo support from additional government funding facilities;\nA combination of contractual outflows and contingent outflows.",
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      "text": "Modeled Liquidity Outflow. Our Modeled Liquidity Outflow is based on conducting multiple scenarios that include combinations of market-wide and firm-specific stress. These scenarios are characterized by the following qualitative elements:",
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      "text": "The following are key modeling elements of our Modeled Liquidity Outflow:",
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      "text": "In order to determine the appropriate size of our GCLA, we model liquidity outflows over a range of scenarios and time horizons. One of our primary internal liquidity risk models, referred to as the Modeled Liquidity Outflow, quantifies our liquidity risks over a 30-day stress scenario.",
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      "text": "2023 Resolution Plan",
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