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
Q2 2020
Quarterly Report
on Form 10-Q
Q2 2020
Basel III
Pillar 3
Disclosures
Risk Overview Risk factors 11 1  
Liquidity risk management framework 45 20  
Regulatory requirements 50 25  
Regulatory developments 55 29  
Risk management 58 32  
Liquidity Risk
and Funding
Liquidity risk 74 42  
Required Liquidity Framework 46 21  
Liquidity Resources 46 21  
Funding management 47 22  
Off-Balance sheet arrangements and contractual obligations 49 24  
Borrowings and other secured financings 120 23, 73  
Commitments, guarantees and contingencies 121 73  
Operational
Risk
Supervision and regulation 2    
Risk governance structure 58    
Risk management process 61 32  
Operational risk 72 41 22
Legal and compliance risk 74 42  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 50, 131 25, 79 1
Regulatory capital requirements 50, 131 25, 79 1
Regulatory capital ratios 50, 131 26, 79 3
Capital conservation buffer, countercyclical capital buffer and global systemically important bank surcharge 50 25, 79 4
Internal ratings system exposures     8
Regulatory capital changes 52 26  
Risk-weighted assets rollforward 52 27  
Supplementary leverage ratio 51 26 23
Attribution of average common equity according to the required capital framework 54 28  
Market risk Market risk 61 32 18
Risk limits framework 61    
Trading risks 61 32  
Non-trading risks 64 33  
Credit spread sensitivity to our own credit spread 64 33  
Funding liabilities 64 33  
Interest rate risk sensitivity 64 33 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 34 4
Credit risk: General disclosures     4
Monitoring and control 65    
Credit exposures - Derivatives 70, 104 39  
Country risk exposure 70 40  
Derivative instruments and hedging activities 104 61  
Loans, lending commitments and allowance for credit losses 66, 114 34, 69 5
Credit risk mitigation 66   12
Equities not subject to the Market Risk Capital Rule     13
Securitization exposures     14