A marked difference

Credit opinions

pg27-srpage-gif

Morgan Stanley's loan book may not be the largest, but its modest size has facilitated a noteworthy approach to portfolio management. "One fundamental place where there is a significant difference in the way we do things is that we look at our portfolio as a trading book," says Frank Accetta, head of the loan portfolio group at Morgan Stanley in New York.

The bank marks its loans to market daily and argues that this allows it to better assess the overall risk in its portfolio and hedge

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Digging deeper into deep hedging

Dynamic techniques and gen-AI simulated data can push the limits of deep hedging even further, as derivatives guru John Hull and colleagues explain

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here