Morgan Stanley takes $468m FVA loss
US bank takes one-off charge to reflect cost of uncollateralised receivables
Morgan Stanley has taken a one-off $468 million accounting charge to recognise the funding costs of its over-the-counter derivatives trades. The new policy was announced in the bank's fourth-quarter results, published on January 20.
Fourteen major banks are now known to have taken a charge to incorporate funding valuation adjustment (FVA) into the fair value of OTC derivatives, leaving Credit Suisse as the only large dealer yet to have done so. Bank of America Merrill Lynch also incorporated FVA
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Derivatives
