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 and the Basel III Pillar 3 Disclosure Report for the quarterly period ended December 31, 2019.

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
4Q19
Basel III
Pillar 3
Disclosures
Risk Overview Risk factors 11  
Liquidity risk management framework 45  
Regulatory requirements 50  
Regulatory developments 55  
Risk management 58  
Liquidity Risk
and Funding
Liquidity risk 74  
Required Liquidity Framework 46  
Global Liquidity Reserve 46  
Funding management 47  
Off-Balance sheet arrangements and contractual obligations 49  
Borrowings and other secured financings 120  
Commitments, guarantees and contingencies 121  
Operational
Risk
Supervision and regulation 2  
Risk governance structure 58  
Risk management process 61  
Operational risk 72 22
Legal and compliance risk 74  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 50, 131 1
Regulatory capital requirements 50, 131 1
Regulatory capital ratios 50, 131 3
Capital conservation buffer, countercyclical capital buffer and global systemically important bank surcharge 50 4
Internal ratings system exposures   8
Regulatory capital changes 52  
Risk-weighted assets rollforward 52  
Supplementary leverage ratio 51 23
Attribution of average common equity according to the required capital framework 54  
Market risk Market risk 61 18
Risk limits framework 61  
Trading risks 61  
Non-trading risks 64  
Credit spread sensitivity to our own credit spread 64  
Funding liabilities 64  
Interest rate risk sensitivity 64 18
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 4
Credit risk: General disclosures   4
Monitoring and control 65  
Credit exposures - Derivatives 70, 104  
Country risk exposure 70  
Derivative instruments and hedging activities 104  
Loans, lending commitments and allowance for credit losses 66, 114 5
Credit risk mitigation 66 12
Equities not subject to the Market Risk Capital Rule   13
Securitization exposures   14