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onerous post cycle reserve requirements. Downside risks are a slowdown in housing price appreciation and a prolonged low interest rate environment. Analyst Certification We, Erika Najarian, Ebrahim H. Poonawala, Kenneth Bruce and Michael Carrier, CFA, hereby certify that the views each of us has expressed in this res
Page: HOUSE_OVERSIGHT_014389 →Futures Bureau; DSP Merrill Lynch (India): DS by Otoritas Jasa Keuangan (O, Russian Federation; arkets Espana, S.ASV., h Africa): Merrill Lynch d the Prudential Regulation Authority | Lynch (Asia ry Authority of h Mexico, SA de errill Lynch he nch Limited, ): Merrill Lynch errill Lynch regulated by KSA Company, lated by the M
Page: HOUSE_OVERSIGHT_014394 →Investment Strategy
or detailed information regarding the risks involved with investing in listed options: http://Awww.theocc.com/about/publications/character-risks.jsp Analyst Certification We, James Barty, Abhinandan Deb, Barnaby Martin, Benjamin Bowler, Claudio Piron, David Hauner, CFA, Hans Mikkelsen, lan Gordon, loannis Angelakis, Kam
Page: HOUSE_OVERSIGHT_014456 →a (Pty) Ltd., regulated by The Financial Service Board; MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merri
Page: HOUSE_OVERSIGHT_014457 →ronger outflows than expected and heightened political noise. Upside risks include a generalized rally on the back of more positive global backdrop. Analyst Certification We, David Woo, Adarsh Sinha, Arko Sen, Claudio Irigoyen, Jane Brauer, Kamal Sharma, Mark Capleton, Paul Ciana, CMT and Ralf Preusser, CFA, hereby ce
Page: HOUSE_OVERSIGHT_014784 →erein, may not be eligible for distribution or sale in all countries or to certain categories of investors. | Lynch (South Africa}: Merrill Lynch d the Prudential Regulation Authority (Hong Kong): Merrill Lynch (Asia lated by the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lynch KSA Company, each is defin
Page: HOUSE_OVERSIGHT_014785 →Earnings Preview
ated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equiti
barriers to entry. Upside risks are successful new title releases that accelerate growth, or potential acquisition of Zynga for its game portfolio. Analyst Certification We, Justin Post, Jason Mitchell and Nat Schindler, hereby certify that the views each of us has expressed in this research report accurately reflect
Page: HOUSE_OVERSIGHT_014946 →h d by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority | Lynch (Asia ch (Singapore): Merrill Lynch (Singapore)
n expected mobile impact coming from new Drillisch tariffs or failure to turnaround good US operational trends into more profitable revenue streams. Analyst Certification We, Benjamin Bowler, Clovis Couasnon and Frederic Boulan, CFA, hereby certify that the views each of us has expressed in this research report accura
Page: HOUSE_OVERSIGHT_023603 →Entities connected to both Analyst Certification and the Prudential Regulation Authority

Frankfurt
LOCATION
United Kingdom
LOCATIONBaFin
ORGANIZATION
the Financial Services Agency
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
Donald Trump
PERSON
Michael Bloomberg
PERSONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Merrill Lynch
ORGANIZATION
Seoul
LOCATIONMerchant Bank
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Bank of America, N.A.
ORGANIZATION
BofA Merrill Lynch
ORGANIZATION
Malaysia
LOCATIONILynch
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATION