Morgan Stanley, Bank of America push VAR limits the most
Largest losses-to-VAR ratios at the two firms were the highest among the eight systemic US banks in Q1
Of the eight US global systemically important banks (G-Sibs), Morgan Stanley and Bank of America have been operating closest to their value-at-risk estimates over the first quarter of the year.
Banks must disclose their three largest trading losses each quarter as a percentage of VAR. The largest losses-to-VAR ratio at Morgan Stanley was 90.73%, the highest of the US G-Sibs. Bank of America was close behind, with a ratio of 89.42%.
BNY Mellon posted the third-largest trading loss of the group
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