Morgan Stanley

Investor Relations

By putting clients first, leading with exceptional ideas, doing the right thing, and giving back, Morgan Stanley aims to deliver results today, while setting strategic goals for the future.

The following table presents an index of Morgan Stanley's risk and capital disclosures in the 2019 Annual Report on Form 10-K, the Quarterly Report on Form 10-Q and the Basel III Pillar 3 Disclosure Report for the quarterly period ended March 31, 2020.

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 2019
Annual
Report on
Form 10-K
Q1 2020
Quarterly Report
on Form 10-Q
Q1 2020
Basel III
Pillar 3
Disclosures
Risk Overview Risk factors 11 1  
Liquidity risk management framework 45 17  
Regulatory requirements 50 21  
Regulatory developments 55 25  
Risk management 58 28  
Liquidity Risk
and Funding
Liquidity risk 74 37  
Required Liquidity Framework 46    
Liquidity Resources 46 17  
Funding management 47 18  
Off-Balance sheet arrangements and contractual obligations 49 20  
Borrowings and other secured financings 120 19, 67  
Commitments, guarantees and contingencies 121 68  
Operational
Risk
Supervision and regulation 2    
Risk governance structure 58    
Risk management process 61 28  
Operational risk 72 37 22
Legal and compliance risk 74 37  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 50, 131 21, 73 1
Regulatory capital requirements 50, 131 21, 73 1
Regulatory capital ratios 50, 131 22, 74 3
Capital conservation buffer, countercyclical capital buffer and global systemically important bank surcharge 50 21 4
Internal ratings system exposures     9
Regulatory capital changes 52 22  
Risk-weighted assets rollforward 52 23  
Supplementary leverage ratio 51 22 23
Attribution of average common equity according to the required capital framework 54 24  
Market risk Market risk 61 28 18
Risk limits framework 61    
Trading risks 61 28  
Non-trading risks 64 29  
Credit spread sensitivity to our own credit spread 64 29  
Funding liabilities 64 29  
Interest rate risk sensitivity 64 29  
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 65 30 4
Credit risk: General disclosures     4
Monitoring and control 65    
Credit exposures - Derivatives 70, 104 35  
Country risk exposure 70 35  
Derivative instruments and hedging activities 104 55  
Loans, lending commitments and allowance for credit losses 66, 114 63 5
Credit risk mitigation 66   12
Equities not subject to the Market Risk Capital Rule     13
Securitization exposures     14