Morgan Stanley unruffled by VAR model update

- By Louie Woodall and Abdool Fawzee Bhollah
- 16 Jan 2020

Trading risk at Morgan Stanley has held steady in recent quarters, in spite of a recent change to its value-at-risk model.

Average VAR at the New-York based lender was $39 million in Q4, down $3 million (7%) from Q3 and $10 million (20%) on the same quarter a year ago.

On July 1, the bank changed its VAR model, altering the methodology used to produce its trading risk measure for Q3 and Q4

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