Morgan Stanley’s plan to shift a large chunk of its $52tn derivatives portfolio into the part of the group backed by customer deposits is facing regulatory obstacles, according to people familiar with the situation.
Under the plan – partly an attempt to reassure trading partners of its financial strength ahead of a looming credit downgrade by Moody’s – Morgan Stanley would move derivatives into its bank subsidiary, which has a higher credit rating than the group as a whole
via M Stanley derivatives switch hits hold-up – FT.com.
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