Morgan Stanley’s default fund contributions jump $1.9bn in Q2
Aggregate increase across US clearing banks pushes requirements to highest point since 2021
Morgan Stanley increased its contributions to the default funds of central counterparties (CCPs) by 31.2% in the second quarter – the most among the top US clearing banks.
Default fund contributions rose $1.86 billion to $7.82 billion between March and June, their highest level since Q1 2022.
Over the same period, Bank of America reported an all-time high of $11.4 billion, up $1.3 billion or 12
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