Morgan Stanley makes statement on Stress Capital Buffer reconsideration

The Federal Reserve announced that it has reduced Morgan Stanley’s (MS) Stress Capital Buffer, or SCB, from 5.1% to 4.3%, effective on October 1, in response to the firm seeking reconsideration of its preliminary SCB announced in June 2025. Together with other features of the regulatory capital framework, this SCB results in an aggregate U.S. Basel III Standardized Approach Common Equity Tier 1 ratio of 11.8%. The Firm’s U.S. Basel III Standardized Approach CET1 ratio was 15.0% as of June 30, 2025. Sharon Yeshaya, executive VP and CFO of Morgan Stanley, said: “Morgan Stanley appreciates the Federal Reserve’s careful reconsideration of our 2025 CCAR results. We look forward to continued constructive engagement with the Federal Reserve on the stress testing framework. Morgan Stanley remains focused on ensuring we have long-term capacity to support global client engagement, invest in our core businesses and consistently grow our quarterly dividend.”