Banking regulation (51 - 60 of 155 items)
Financial Institutions and Markets Issue Area: Active Assignments
AA-96-6(4): Published: Sep 3, 1996. Publicly Released: Sep 3, 1996.
GAO provided information on its active assignments in the Financial Institutions and Markets issue area as of September 3, 1996...
Bank Oversight: Fundamental Principles for Modernizing the U.S. Structure
T-GGD-96-117: Published: May 2, 1996. Publicly Released: May 2, 1996.
GAO discussed efforts to modernize the U.S. federal bank oversight structure, focusing on: (1) how the U.S. oversight structure compares with five other industrialized countries; and (2) whether these countries' structures can be used to assist U.S. reform. GAO noted that: (1) U.S. structural reform should include a more consolidated and comprehensive oversight of companies owning federally insure...
Bank Regulatory Structure: Canada
GGD-95-223: Published: Sep 28, 1995. Publicly Released: Oct 3, 1995.
Pursuant to a congressional request, GAO reviewed the Canadian bank regulatory structure and its key participants.GAO found that: (1) the Office of the Superintendent of Financial Institutions (OSFI) is the primary supervisor of Canadian financial institutions and is responsible for incorporating financial institutions, issuing regulations and guidelines, taking enforcement actions, and resolving...
Bank Regulatory Structure: France
GGD-95-152: Published: Aug 31, 1995. Publicly Released: Sep 6, 1995.
Pursuant to a congressional request, GAO reviewed the French bank regulatory structure and its key participants.GAO found that: (1) three independent committees oversee bank authorization, regulation, and supervision in France; (2) the Credit Institutions Committee (CEC) is responsible for authorizing and licensing credit institutions, approving any significant changes to a credit institution's st...
Differences in Screening Bank Executives
GGD-95-181R: Published: Aug 17, 1995. Publicly Released: Aug 17, 1995.
GAO examined federal financial regulators' practices for screening applicants for director and senior bank executive positions under section 32 of the Federal Deposit Insurance Act. GAO noted that: (1) the Federal Reserve Board (FRB) requires applicants to fill out a 3-page questionnaire, while the Office of the Comptroller of the Currency (OCC) requires applicants to submit a 15-page biographical...
Trust Assets: Investment of Trust Assets in Bank Proprietary Mutual Funds
GGD-95-21: Published: Mar 16, 1995. Publicly Released: Mar 16, 1995.
Pursuant to a congressional request, GAO provided information on the extent to which banks have invested trust assets into proprietary mutual funds, focusing on: (1) the disclosure and consent requirements that apply when trust assets are invested into these funds; (2) whether double fees on invested trust assets are legal; and (3) the regulatory controls that prevent banks from acting in their ow...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Bank Regulatory Structure: The United Kingdom
GGD-95-38: Published: Dec 29, 1994. Publicly Released: Jan 31, 1995.
Pursuant to a congressional request, GAO reviewed the structure and operations of the Bank of England, the United Kingdom's banking regulatory agency.GAO found that: (1) the Bank is recognized as the primary regulator and sole supervisor of authorized banks in the United Kingdom; (2) the Bank's primary purpose is to protect the interests of depositors; (3) the Bank has the authority to examine and...
Interstate Banking: Experiences in Three Western States
GGD-95-35: Published: Dec 30, 1994. Publicly Released: Dec 30, 1994.
Pursuant to a congressional request, GAO reviewed three states' experiences with interstate banking deregulation.GAO found that: (1) geographic banking deregulation has not resulted in significant consolidation in the banking industry; (2) the banking industry in the three states reviewed is already highly concentrated; (3) the large banks' experiences with geographic deregulation have been mixed;...
Corporate Credit Unions: Condition, Issues, and Concerns
T-GGD-95-15: Published: Oct 6, 1994. Publicly Released: Oct 6, 1994.
Pursuant to a congressional request, GAO discussed issues concerning the financial condition and investment practices of corporate credit unions and the U.S. Central Credit Union. GAO noted that: (1) many small insured credit unions have placed a substantial part of their unloaned deposits in corporate credit unions for investment purposes; (2) the operation and investments of corporates must be f...