Group 1 - The Federal Reserve revealed that Morgan Stanley has requested a reduction in its capital requirements, which is under evaluation and a decision is expected by September 30 [1] - The annual stress test process has concluded, assessing the resilience of major U.S. banks under hypothetical economic scenarios, with updated Common Equity Tier 1 (CET1) ratio requirements effective from October 1 [1][2] - Morgan Stanley anticipates its CET1 ratio requirement to decrease from 13.5% to 12.6% based on the stress test results [1] Group 2 - A total of 22 banks, including Morgan Stanley, participated in this year's Federal Reserve stress tests, all passing comfortably even under a scenario of over $550 billion in losses [2] - The capital requirements announced include a minimum CET1 ratio of 4.5% and additional capital buffers for globally systemically important banks [2] - The Federal Reserve is considering reforms to the stress testing process, including a proposal to use a "two-year average" for capital requirement calculations to reduce volatility [2] Group 3 - The Federal Reserve plans to lower the Enhanced Supplementary Leverage Ratio (ESLR) and advance a new risk-based capital plan, which has been advocated by Wall Street [3]