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Any costs associated with registration will come out of his management fee, which covers compensation, rent and other operational expenses.
That covers compensation paid to savers in those countries after the collapse of Landsbanki and its internet-banking scheme, Icesave one of three stricken Icelandic banks nationalised in October 2008.
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Profits were also reduced by a £130m bill to cover compensation for PPI mis-selling.
So far this year, Morgan Stanley has set aside $12.69 billion to cover compensation and benefits, up 6 percent from year-ago levels.
But most assessments also expect Goldman to sock away nearly half its revenue to cover compensation for its employees.
Lloyds, which was the biggest seller of PPI policies, has so far set aside £12bn to cover compensation payouts.
The British bank wrote down an additional $1.2 billion to cover compensation for consumers improperly sold a contentious product.
Investors will know in January when fourth-quarter results are announced how much firms have set aside to cover compensation and benefits.
The major players were following Lloyds Banking Group, which stunned the City last week by putting £3.2bn aside to cover compensation claims relating to PPI.
In August the bank revealed it was setting aside $367m£218m8m) to cover compensation for mistakes in loan statements to UK customers.
The bank took a $194m hit to cover compensation for customers miss-sold payment protection insurance, the industry's biggest scandal with costs topping £24bn.
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