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US banks made no headway on EVE transparency in 2025

Morgan Stanley remains lone US G-Sib not disclosing key measure of long-term interest rate sensitivity

US banks made no progress on the economic value of equity (EVE) transparency in 2025, with Morgan Stanley remaining the only US global systemically important bank (G-Sib) that neither disclosed nor referenced the metric in its filings.

EVE became a focal point for regulators and investors following the collapse of Silicon Valley Bank in 2023, as it measures the long-term sensitivity of a bank’s

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