Morgan Stanley’s CVA charge swells 19% in Q1
Credit valuation adjustment capital charges have decreased at most G-Sibs year-on-year
Morgan Stanley’s credit valuation adjustment (CVA) capital requirement leapt $286 million in the three months to end-March.
The bank’s charge hit $1.8 billion in the first quarter, up from $1.5 billion at end-2018 and $1.6 billion in the year-ago quarter. Morgan Stanley was the only US global systemically important bank (G-Sib) to post a substantial CVA capital increase year-on-year, with most of its peers recording steep declines in their charges.
Over the first quarter, JP Morgan's CVA
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