system. SDNY_GM_00078636 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001763 EFTA_00I89I03 EFTA01301207 Recent huge losses in the Chief Investment Office at J P Morgan and conduct like that of Barclays' traders have made this distinction far too subtle to insist upon politically. This may not matter m

Merrill Lynch. Asset Allocation Models Where an asset allocation model is presented, it may be developed by BofA Merrill Lynch Global Research or the Chief Investment Office (CIO) for use with Merrill Lynch clients. These models represent asset allocation approaches based on a client's profile and investment objectives a

sed this by focusing on raising capital standards at the retail banks that make up the backbone of the British credit system. Recent huge losses in the Chief Investment Office at J P Morgan and conduct like that of Barclays' traders have made this distinction far too subtle to insist upon politically. This may not matter m