Investor Relations

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The following table presents an index of Morgan Stanley's risk and capital disclosures in the 2018 Annual Report on Form 10-K and the Basel III Pillar 3 Disclosure Report for the quarterly period ended December 31, 2018.

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 2018
Report on
Form 10-K
Basel III
Pillar 3
  (Disclosure starts on page number)
Risk Overview Risk factors 11  
Liquidity risk management framework 50  
Regulatory requirements 55  
Regulatory developments 61  
Risk management 64  
Liquidity Risk
and Funding
Liquidity risk 81  
Required Liquidity Framework 50  
Global Liquidity Reserve 51  
Funding management 52  
Off-Balance sheet arrangements and contractual obligations 55  
Borrowings and other secured financings 126  
Commitments, guarantees and contingencies 128  
Supervision and regulation 2  
Risk governance structure 64  
Risk management process 67  
Monitoring and control 72  
Operational risk 79 22
Legal and compliance risk 81  
Capital Adequacy and Risk-Weighted Assets Regulatory capital framework 55 1
Regulatory capital requirements 56 2
Regulatory capital ratios 56 3
Capital conservative buffer, countercyclical capital buffer and global systemically important bank surcharge 56 4
Internal ratings system exposures   9
Regulatory capital roll-forward 57  
Risk-weighted assets roll-forward 58  
Supplementary leverage ratio 56 23
Attribution of average common equity according to the required capital framework 60  
Market risk Market risk 67 18
Risk limits framework 67  
Trading risks 68  
Non-trading risks 71  
Credit spread sensitivity to our own credit spread 71  
Funding liabilities 71  
Interest rate risk sensitivity 71  
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 71 4
Credit risk: General disclosures   4
Monitoring and control 72  
Loans and Lending Commitments 73  
Credit exposures - Derivatives 76  
Country risk exposure 77  
Loans 122 5, 6, 7
Derivative instruments and hedging activities 112  
Loans and allowance for credit losses 122 5, 6, 7
Credit risk mitigation   12
Equities not subject to the Market Risk Capital Rule   13
Securitization Exposures   14