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**Extracted Text:** **Chart 67: How knowledgeable are you with blockchain technology?** * Source: BofA Merrill Lynch Global Research * Chart 67: How knowledgeable are you with blockchain technology? * Very knowledgeable: 16% * Moderately knowledgeable: 50% * Not at all knowledgeable: 34% **Chart 68: After this panel, how do you feel about the applicability of blockchain technology in financial services?** * Source: BofA Merrill Lynch Global Research * Chart 68: After this panel, how do you feel about the applicability of blockchain technology in financial services? * A significant opportunity for financial service firms: 71% * A modest opportunity for financial service firms: 14% * Overhyped technology: 14% **Chart 69: How long do you think it will take for financial services industries to broadly adapt blockchain technology?** * Source: BofA Merrill Lynch Global Research * Chart 69: How long do you think it will take for financial services industries to broadly adapt blockchain technology? * 12-24 months: 0% * 3-5 years: 40% * 5+ years: 24% * 10+ years: 36% **The Future of Clearing: Understanding the Options** * Guest speakers in this panel included Brian Ruane (CEO, Broker Dealer Services, BNY Mellon), Lee Betsill (Chief Risk Officer, CME Group), Michael C. Bodson (President & CEO, DTCC), John Horkan (Head of North America and Global COO, Rates & FX, LCH, LSE Group) and Marcus Denne (Director, Global Clearing, BofA Merrill Lynch). **With the start of the Uncleared Margin Rule (UMR) on September 1st, we asked investors what was the primary challenge related to the new clearing rules. Most investors (95%) thought the rising cost, particularly in the amount of collateral required (50%) and the complexity around infrastructure and different country rules (45%) were the main issues.** **HOUSE_OVERSIGHT_014361** **2016 Future of Financials Conference | 17 November 2016** **Bank of America Merrill Lynch**