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na): Merrill Lynch Argentina SA, regulated by Conisien Nacional de Vetoes; Memll Lynch (japan): Merrill LynchJapan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul": Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service, Memll Lynch (Taiwan)
right now IX Buy 6M ATM EURSEK straddles: We see a number of key events for the rest of the year wtich should see EURSEK vol rise including ECB and Riksbank meetings as well as the announcement of a new Riksbark Governor. EUR?SEK vol looks cheap on our metrics. Buy EURAJSO out spreads: near.temi headwi
Investment Strategy
ion/rates inconsistent. ¢ Long RUB/ZAR (positive on oil, cautious on S African politics). ¢ Short EUR/SEK, strong Swedish growth, limiting room for Riksbank easing. Current trade recommendations 2 Global Cross Asset Strategy - Year Ahead | 30 November 2016 BankofAmerica <2” Merrill Lynch HOUSE_OVERSIG
Page: HOUSE_OVERSIGHT_014433 →): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
Page: HOUSE_OVERSIGHT_014457 →FOMC March Meeting Preview
however, are not required to create 1099s). Financial instruments, not currency Non-monetary digital asset FINMA Monetary Authority of Singapore Financial Services Agency Financial Conduct Authority SEC CFTC OCC 50 States Central Bank of Russia Russian Finance Ministry People’s Bank of China = The cryptocurrency
Page: HOUSE_OVERSIGHT_025685 →. = Cryptocurrency proposals are being considered by several central banks, including Singapore’s MAS, China’s PBOC, Russia’s Central Bank, Sweden’s Riksbank and Ecuador’s Banco Central. = A successful central bank cryptocurrency could substantially reduce fraud and tax evasion. 23 HOUSE_OVERSIGHT_025686
Page: HOUSE_OVERSIGHT_025687 →Entities connected to both the Financial Services Agency and Riksbank

Frankfurt
LOCATIONthe Prudential Regulation Authority
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Seoul
LOCATION
Malaysia
LOCATION
Donald Trump
PERSONMerrill Lynch International Bank Limited
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONMerchant Bank
ORGANIZATION
Bank of America
ORGANIZATIONBaFin
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION