Bank management (51 - 60 of 252 items)
Electronic Banking: Experiences Reported by Banks in Implementing On-line Banking
GGD-98-34: Published: Jan 15, 1998. Publicly Released: Feb 17, 1998.
Pursuant to a congressional request GAO reviewed: (1) the channels used to deliver online banking services; (2) the reasons for implementing online banking; (3) whether online banking met or exceeded expectations; and (4) the electronic links that banks had with other payment systems.GAO noted that: (1) as of June 1997, an estimated 7 percent of U.S. banks offered online banking services, which mo...
Bank and Thrift Examinations: Adoption of Risk-Focused Examination Strategies
T-GGD-98-13: Published: Oct 8, 1997. Publicly Released: Oct 8, 1997.
GAO discussed bank and thrift supervision and examination.GAO noted that: (1) bank supervision and examination today show evidence of lessons learned from the bank and thrift crises of the 1980s and early 1990s; (2) these procedures are the primary basis for federal regulatory agencies to assess the risks that banks and thrifts assume and to take actions to maintain a safe and sound banking system...
Federal Reserve Banks: Internal Controls Over Cash at Atlanta, Los Angeles, and Philadelphia Banks
AIMD-97-127: Published: Aug 28, 1997. Publicly Released: Aug 28, 1997.
Pursuant to a congressional request, GAO reviewed the work of the Federal Reserve's external auditor, Coopers & Lybrand L.L.P., in reporting on the effectiveness of the internal control structure over financial reporting for cash at the Atlanta and Philadelphia Federal Reserve Banks, and the Los Angeles Branch, focusing on whether: (1) the work was conducted in accordance with applicable professio...
Financial Institutions and Markets Issue Area Plan--Fiscal Year 1998
IAP-97-22: Published: Aug 1, 1997. Publicly Released: Aug 1, 1997.
GAO presented its Financial Institutions and Markets issue area plan for fiscal year 1998.GAO plans to assess the: (1) regulatory framework for financial system integrity and the government's role in maintaining an efficient and competitive financial services industry; (2) Federal Reserve System, the supervision of foreign banks in the U.S. banking system, the bank regulatory structure in foreign...
Banking and Commerce
OCE-97-3R: Published: Jun 10, 1997. Publicly Released: Jun 10, 1997.
Pursuant to a congressional request, GAO responded to questions concerning the issue of mixing banking and commerce.GAO noted that: (1) it found no mention of any economic efficiencies that are unique to maintaining the separation of banking and commerce; (2) however, GAO found frequent references in the literature to the likelihood that maintaining the existing separation could be beneficial beca...
Foreign Banks: Opportunities Exist to Enhance Supervision Program as Implementation Proceeds
GGD-97-80: Published: May 9, 1997. Publicly Released: May 9, 1997.
Pursuant to a congressional request, GAO provided information on the oversight of the U.S. operations of foreign banking organizations (FBO), focusing on the: (1) FBO program; and (2) banking supervisors' progress in implementing this program.GAO noted that: (1) the FBO Program focuses on integrating into supervisory procedures a common understanding of a given FBO in its entirety, including polic...
Financial Regulation: Bank Modernization Legislation
T-OCE/GGD-97-103: Published: May 7, 1997. Publicly Released: May 7, 1997.
GAO discussed the modernization of the U.S. financial services regulatory system.GAO noted that: (1) the laws governing the financial services industry and the regulatory structure that oversees it were developed for an industry compartmentalized into commercial banking, investment banking, and insurance; (2) in recent decades, however, these activities have converged to where many financial produ...
Separation of Banking and Commerce
OCE/GGD-97-61R: Published: Mar 17, 1997. Publicly Released: Mar 27, 1997.
Pursuant to a congressional request, GAO: (1) reviewed the literature regarding the potential benefits and risks of eliminating the current separation of banking related activities and commerce; (2) assessed the extent of the empirical support for taking such action; and (3) provided its views, and any recommendations that it might have, on the need for consolidated supervision of bank holding com...
Bank Regulatory Structure: Japan
GGD-97-5: Published: Dec 27, 1996. Publicly Released: Dec 27, 1996.
Pursuant to a congressional request, GAO reviewed the Japanese bank regulatory structure and its key participants, focusing on how: (1) the Japanese bank regulation and supervision is organized; (2) Japan's banking oversight structure functions, particularly with respect to bank licensing, regulation, and supervision; (3) Japanese banks are monitored by their supervisors; and (4) participants hand...
Bank and Thrift Regulation: Implementation of FDICIA's Prompt Regulatory Action Provisions
GGD-97-18: Published: Nov 21, 1996. Publicly Released: Nov 21, 1996.
GAO reviewed the Federal Reserve System's (FRS) and the Office of the Comptroller of the Currency's (OCC) efforts to implement the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) prompt regulatory action provisions and the impact of those provisions on federal oversight of depository institutions.GAO found that: (1) regulators have taken the required steps to implement FDICI...