Morgan Stanley Says Capital Rule Rollback Boosted Trading Haul

Morgan Stanley’s traders got a boost from President Donald Trump’s deregulation agenda.

In the first three months of the year, Morgan Stanley plowed capital that was freed up after US regulators relaxed a key rule into its prime brokerage division and its macro trading desks, according to Chief Financial Officer Sharon Yeshaya. Wall Street banks long said that the requirement, called the enhanced supplementary leverage ratio, held them back from serving as intermediaries in the Treasuries market during times of stress.