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change the reality of evolving global markets. • The answer to avoiding a systemic failure is perhaps found in the extraordinary measures taken by the U.S. Treasury and Federal Reserve last year. 2 SONY_GM_00077287 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000414 EFTA 00187759 EFTA013002
• I would first like to thank His Highness Shaikh Salman bin Hamad Al-IChalifa, Crown Prince and Chairman of the Economic Development Board for hosting this event. Thank you also to His Excellency, Rasheed bin Mohammed Al-Maraj, Governor of the Central Bank of Bahrain, Mr. Mayank Malik,
mand in free fall and liquidity all but non-existent. • Today, following aggressive actions by worldwide authorities the US. Federal Reserve, and the U.S. Treasury with-ethersufberities-werldwiderprifteipal-equity emehnages-prices have riseintre-up, spreads and volatility have declined, and credit is once agai
• I would first like to thank His Highness Shaikh Sidman bin Hamad Al-Khalifs, Crown Prince and Chairman of the Economic Development Board for hosting this event. Thank you also to His Excellency, Rasheed bin Mohammed Al-Maraj, Governor of the Central Bank of Bahrain, Mr. Mayank Malik,
nd in free fall and liquidity all but non-existent. • Today, following aggressive actions by worldwide authorities , the U.S. Federal Reserve, and the U.S. Treasury with-etheF-autheFities-wecldwitler pFineipal-equity exeltanges-prices have risenaFe-up, spreads and volatility have declined, and credit is once ag
• I would first like to thank His Highness Shaikh Salman bin Hamad Al-Khalifa, Crown Prince and Chairman of the Economic Development Board for hosting this event. Thank you also to His Excellency, Rasheed bin Mohammed Al-Maraj, Governor of the Central Bank of Bahrain, Mr. Mayank Malik,
Entities connected to both U.S. Treasury and the Economic Development Board

Federal Reserve
ORGANIZATIONLehman
ORGANIZATION
Lehman Brothers
ORGANIZATION
Freddie Mac
ORGANIZATIONthe Central Bank of Bahrain
ORGANIZATION
Fidelity
ORGANIZATIONRasheed bin Mohammed Al-Maraj
PERSONMayank Malik
PERSONRobert Ainey
PERSONAMBAC
ORGANIZATION