Federal Reserve Board announces that it will not object to a resubmitted capital plan from Morgan Stanley

[kreslik.news]

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

Last June, following its review of the firm's capital plan, the Board required Morgan Stanley to resubmit its capital plan to address certain qualitative deficiencies in its capital planning processes. Those deficiencies included weaknesses in the way the firm identifies and incorporates its material risks into its capital planning scenarios, key modeling practices, and the ... (read more)