Morgan Stanley’s CVA capital charges surge 42% in Q3

Morgan Stanley’s capital requirements for credit valuation adjustment risk skyrocketed 42% in the third quarter, driven overwhelmingly by charges computed under the simple approach, where the bank’s internal inputs have limited sway. 

Anacapa’s rapid-fire options strategy hits the target

“If a driver were to have a car accident, the insurance company would raise the premium. This is what we do in the market, but at a much faster rate” – Phil Pecsok, Anacapa Advisors