Morgan Stanley Fines Bankers Over Messaging Breaches

The video discusses the regulatory crackdown on unauthorized messaging apps on Wall Street, highlighting hefty fines imposed on firms like Morgan Stanley, which received a $200 million fine. Morgan Stanley is sharing these costs with employees through a point system, with fines ranging from $3,000 to over $1 million. This approach is more severe than other banks like Deutsche Bank and JP Morgan, which have only cut bonuses and pay. Morgan Stanley is also clawing back bonuses already paid to employees using unauthorized apps.

In what way is Morgan Stanley's approach different from other banks like Deutsche Bank and JP Morgan?

What measures is Morgan Stanley taking to hold employees accountable for using unauthorized apps?