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l for relief coming out of DC under the new Trump administration, management noted that shortage of skilled worker
le regulations. Merrill Lynch he DFSA conduct of business DIFC is authorized and regula rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germ This research report has been prepared and issued by MLPF&S and/or one or more of its non-US
Page: HOUSE_OVERSIGHT_014394 →fs. Indeed, the policy agenda of the incoming US administration remains a critical unknown for emerging markets.
rm Zebregs ice Presiden Vice Presiden HOUSE_OVERSIGHT_014620 --- PAGE BREAK --- Goldman Sachs Atlanta Beying Boston Chicago Dallas Dubai Dublin Frankfurt Hong Kong Houston London Los Angeles Madrid Miami Milan New York Philadelphia San Francisco Sao Paulo Seattle Shanghai Singapore Tel Aviv Washing
Page: HOUSE_OVERSIGHT_014621 →we expect a stronger rate environment under this Administration than over the past 8 years. Tax Policy: As a dom
ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_014650 →Entities connected to both Frankfurt and Administrations

Jeffrey Epstein
PERSON
George W. Bush
PERSON
John F. Kennedy
PERSON
United States
LOCATIONMaria Farmer
PERSON
United Kingdom
LOCATION
Donald Trump
PERSON
Hawaii
LOCATION
Munich
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Julie K. Brown
PERSONBaFin
ORGANIZATION
Houston
LOCATION
Malaysia
LOCATION
Marc Rich
PERSON
Michael Bloomberg
PERSON
Michigan
LOCATION
Barack Obama
PERSON
Louisiana
LOCATION
Seoul
LOCATION