Banking law (41 - 50 of 67 items)
Bank Insider Activities: Insider Problems and Violations Indicate Broader Management Deficiencies
GGD-94-88: Published: Mar 30, 1994. Publicly Released: Mar 30, 1994.
Pursuant to a congressional request, GAO reviewed: (1) insider activities at failed and open banks; (2) the underlying reasons for insider problems, such as insider fraud, insider abuse, and loan losses to insiders; (3) federal bank regulators' oversight of such activities; and (4) the overall amount of insider lending in the U.S. banking industry.GAO found that: (1) insider fraud and loan losses...
International Banking: Strengthening the Framework for Supervising International Banks
GGD-94-68: Published: Mar 21, 1994. Publicly Released: Mar 21, 1994.
GAO reviewed U.S. and international efforts to increase international coordination and improve the overall quality of international bank supervision, focusing on: (1) the Basle Committee's efforts to coordinate bank supervision; (2) the effectiveness of the Committee's approach and options to enhance its role in bank supervision; and (3) whether the Foreign Bank Supervision Enhancement Act can ser...
Interstate Banking: Benefits and Risks of Removing Regulatory Restrictions
GGD-94-26: Published: Nov 2, 1993. Publicly Released: Nov 3, 1993.
Pursuant to a congressional request, GAO reviewed the proposed changes in interstate banking and branching laws, focusing on the: (1) impact of interstate banking on the banking industry; (2) implications of removing interstate banking and branching laws on the safety and soundness of the banking industry, the Bank Insurance Fund, and the economy; and (3) risks associated with removing interstate...
Bank and Thrift Regulation: FDICIA Safety and Soundness Reforms Need to Be Maintained
T-AIMD-93-5: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO discussed H.R. 962, the Economic Growth and Financial Institutions Regulatory Paperwork Act of 1993, focusing on the effect this bill would have on credit availability and the safety and soundness of the industry. GAO noted that: (1) H.R. 962 proposes eliminating or altering several of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) safety and soundness reforms conce...
Condition of the Bank Insurance Fund: Outlook Affected by Economic, Accounting, and Regulatory Issues
T-AFMD-92-11: Published: Jun 30, 1992. Publicly Released: Jun 30, 1992.
GAO discussed the Bank Insurance Fund's (BIF) financial statements. GAO noted that: (1) BIF 1991 financial statements disclosed a $7-billion deficit, a culmination of 4 consecutive years of net losses; (2) the Federal Deposit Insurance Corporation's (FDIC) resolution activities may not be keeping pace with the recognition of losses from troubled institutions; (3) the number of identified problems...
Corporate Accountability: A Time for Reform
147444: Jan 23, 1992
GAO discussed legislation Congress passed providing $70 billion in loans to shore up the Federal Deposit Insurance Corporation's Bank Insurance Fund. GAO noted that: (1) the legislation requires federal bank regulators to more timely deal with problem banks before they deplete bank capital; (2) real corporate accountability is impossible without a board of directors that is independent of manageme...
A Nonbanker's Perspective on Banking Reform
147032: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses principles that policymakers should keep in mind as they consider banking regulation reforms, focusing on: (1) increasing protection of taxpayers and depositors by reducing risks; (2) the changing dynamics of the global economy and the development of markets to offer needed services; and (3) equitable treatment,...
Commercial Banking in the United States: A Look Back and a Look Ahead
147029: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the U.S. banking industry's attempts to address trends that weakened the U.S. banking system during the 1980s, including high inflation rates, asset quality problems, rapidly rising operating costs, weakened capital, and an unrealistic market structure; and (2) issues that still require the banking industry...
Girding for Competition
147028: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses the Federal Deposit Insurance Corporation Improvement Act of 1991 and its effects on the banking industry and U.S. financial system, focusing on the act's provisions for: (1) more promptly closing insolvent banks; (2) accounting and auditing reforms for both banks and their regulators; and (3) forcing banks and...
Modernize Banking...But With Care
147030: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the Glass-Steagall Act's separation of the banking sector from the securities industry; (2) proposed reforms that would grant banks new powers to participate in the securities field; and (3) other suggestions for bank reform that would improve economic efficiency and ensure safety and soundness...