Investor Relations

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The following table presents an index of Morgan Stanley's risk and capital disclosures in the 2017 Annual Report on Form 10-K and the Basel III Pillar 3 Disclosure Report for the quarterly period ended December 31, 2017.

Morgan Stanley's Pillar 3 Disclosures are not required to be, and have not been, audited by an independent registered public accounting firm. Morgan Stanley's Pillar 3 Disclosures were based on our current understanding of U.S. Basel III and other factors, which may be subject to change as additional clarification and implementation guidance from regulators relating to U.S. Basel III are received, and as the interpretation of the final rule evolves over time. Some measures of exposures may not be consistent with U.S. GAAP, and may not be comparable with measures reported in Morgan Stanley's Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q.

  Details 2017
Annual
Report on
Form 10-K
4Q17
Basel III
Pillar 3
Disclosures
  (Disclosure starts on page number)
Risk Overview Risk factors 11  
Liquidity risk management framework 58  
Regulatory requirements 63  
Regulatory developments 69  
Risk management 71  
Liquidity Risk
and Funding
Liquidity risk 14  
Required Liquidity Framework 58  
Global Liquidity Reserve 59  
Funding management 60  
Off-Balance sheet arrangements and contractual obligations 70  
Borrowings and other secured financings 140  
Commitments, guarantees and contingencies 142  
Operational
Risk
Supervision and regulation 2  
Risk governance structure 71  
Risk management process 74  
Monitoring and control 79  
Operational risk 88 22
Legal and compliance risk 90  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 63 1
Regulatory capital requirements 63 2
Regulatory capital ratios 64 3
Capital conservative buffer, countercyclical capital buffer and global systemically important bank surcharge 63 4
Internal ratings system exposures   9
Common equity tier 1 capital, additional tier 1 capital and tier 2 capital roll-forward 65  
Credit risk, market risk and operational risk RWAs roll-forward 66  
Supplementary leverage ratio 66 23
Attribution of average common equity according to the required capital framework 68  
Market risk Market risk 74 18
Risk limits framework 74  
Trading risks 77  
Non-trading risks 78  
Credit spread sensitivity to our own credit spread 78  
Funding liabilities 78  
Interest rate risk sensitivity 78  
Model methodology, assumptions and exposure measures   19
Model limitations   20
Model validation   21
Regulatory VaR backtesting   21
Covered positions   21
Stress testing of covered positions   22
Credit Risk Credit risk 79 4
Credit risk: General disclosures   4
Monitoring and control 79  
Lending Activities Included in Loans and Trading Assets 80  
Credit exposures - Derivatives 84  
Country risk exposure 85  
Loans 103 5, 6, 7
Derivative instruments and hedging activities 124  
Loans and allowance for credit losses 136 5, 6, 7
Credit risk mitigation   12