US Federal Reserve Board Will Not Object to Resubmitted Capital Plan from Morgan Stanley

Shearman & Sterling LLP
Contact
LinkedIn
Facebook
X
Send
Embed

Shearman & Sterling LLP

The US Federal Reserve Board announced that it will not object to a resubmitted capital plan from Morgan Stanley given the progress made by the firm in addressing deficiencies identified by the Federal Reserve Board in last year's Comprehensive Capital Analysis and Review (CCAR).

Following its review of Morgan Stanley's plan last June, the Federal Reserve Board required the firm to resubmit its capital plan to address certain qualitative deficiencies in its capital planning processes, such as weaknesses in the way the firm identifies and incorporates its material risks into its capital planning scenarios, key modeling practices and governance and controls related to both of those areas. The Federal Reserve Board will continue to evaluate the firm's progress in addressing those deficiencies in its assessment of this year's CCAR submission.

View Morgan Stanley’s resubmission.
Send Print Report

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Shearman & Sterling LLP | Attorney Advertising

Written by:

Shearman & Sterling LLP
Shearman & Sterling LLP
Contact
more
less

Shearman & Sterling LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign Up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide