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 2021 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 June 30, 2022.

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 2021
Annual
Report on
Form 10-K
Q2 2022
Quarterly
Report on
Form 10-Q
Q2 2022
Basel III
Pillar 3
Disclosures
Risk Overview Risk factors 9 71  
Liquidity risk management framework 41 18  
Regulatory requirements 45 21  
Regulatory developments and other matters 51 25  
Risk management 52 27  
Liquidity Risk
and Funding
Liquidity risk 68 34  
Required liquidity framework 41 18  
Liquidity resources 42 18  
Funding management 43 19  
Off-Balance sheet arrangements 45 21  
Borrowings and other secured financings 113 57  
Commitments, guarantees and contingencies 114 58  
Operational
Risk
Supervision and regulation 2    
Risk governance structure 52    
Risk management process 55 27  
Operational risk 67 34 23
Legal and compliance risk 69 34  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 45, 123 21, 62 1
Regulatory capital requirements 46, 123 22, 62 1
Regulatory capital ratios 47, 124 22, 62 3
Capital conservation buffer, countercyclical capital buffer and global systemically important bank surcharge 46 22 4
Internal ratings system exposures     9
Regulatory capital changes 47 23  
Risk-weighted assets rollforward 48 24  
Supplementary leverage ratio 47 23 24
Attribution of average common equity according to the required capital framework 50 25  
Market risk Market risk 55 27 19
Risk limits framework 55    
Trading risks 55 27  
Non-trading risks 58 28  
Credit spread risk sensitivity 58 28  
Interest rate risk sensitivity 58 28 19
Model methodology, assumptions and exposure measures     20
Model limitations     21
Model validation     22
Regulatory VaR backtesting     22
Covered positions     22
Stress testing of covered positions     23
Credit Risk Credit risk 59 29 5
Credit risk: General disclosures     5
Monitoring and control 59    
Credit exposures: Derivatives 65, 103 33, 49  
Country risk exposure 66 33  
Derivative instruments and hedging activities 100 48  
Loans, lending commitments and allowance for credit losses 60, 108 29, 55 6
Credit risk mitigation 60   13
Equities not subject to the market risk capital rule     14
Securitization exposures     15