Morgan Stanley Reveals The Profound Implications Of Last Week's "Pivotal" Credit Deregulation Announcement

By Vishwanath Tirupattur, Chief Fixed Income Strategist at Morgan Stanley 

Last week saw a pivotal moment in financial deregulation, with the withdrawal of the 2013 leveraged lending guidelines in a joint statement from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).