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      "text": "Initiated risk transfer in Q124 to help optimise capital consumption for USCB in light of IRB model migration headwind; Aim to continue to execute risk transfers on a selective basis",
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      "text": "Colonnade programme established in 2016; Deployed against exposure in the UK Corporate Bank and Investment Bank; Programme is fully funded, resulting in no counterparty credit risk; CLNs are reissued on a regular basis in a deep and active market",
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