Banking (41 - 50 of 75 items)
Bank and Thrift Regulation: Better Guidance Is Needed for Real Estate Evaluations
GGD-94-144: Published: May 24, 1994. Publicly Released: May 24, 1994.
Pursuant to a legislative requirement, GAO reviewed the de minimis appraisal threshold set by federal financial regulators and the regulatory guidance provided to financial institutions on real estate evaluation practices and examination procedures.GAO found that: (1) financial regulators do not provide adequate guidance to financial institutions for establishing minimum evaluation standards or sp...
Financial Derivatives: Actions Needed to Protect the Financial System
GGD-94-133: Published: May 18, 1994. Publicly Released: May 18, 1994.
Pursuant to congressional requests, GAO reviewed financial derivative products, focusing on: (1) the extent and nature of derivatives' use; (2) what risks derivatives pose to individual firms and the financial system; (3) firms' and regulators' attempts to control these risks; (4) gaps and inconsistencies in U.S. regulation of derivatives; (5) whether financial reports provided adequate informatio...
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...
Federal Home Loan Bank System: Reforms Needed to Promote Its Safety, Soundness, and Effectiveness
GGD-94-38: Published: Dec 8, 1993. Publicly Released: Dec 8, 1993.
Pursuant to a congressional request, GAO reviewed various aspects of the Federal Home Loan Bank (FHLBank) System, focusing on: (1) whether the FHLBank System can pay its assessments for affordable housing and help finance the savings and loan cleanup while carrying out its mission; (2) appropriate capital standards for the FHLBank System; (3) whether the terms of FHLBank membership should be chang...
Bank Regulation: Regulatory Impediments to Small Business Lending Should Be Removed
GGD-93-121: Published: Sep 7, 1993. Publicly Released: Sep 7, 1993.
GAO provided information on small business bank credit and the impact that regulations have on its availability, focusing on whether regulations on small business lending can be safely reduced.GAO found that: (1) bankers have become more conservative in small business lending because of economic considerations; (2) regulatory burdens related to real estate collateral and appraisal requirements hav...
Funding Foreign Bank Examinations
GGD-93-35R: Published: May 4, 1993. Publicly Released: May 4, 1993.
GAO reviewed the implementation of the Foreign Bank Supervision Enhancement Act of 1991 (FBSEA). GAO noted that: (1) the Federal Reserve is planning to hire additional staff to meet its new responsibilities; (2) although the Federal Reserve has completed many examinations pursuant to its responsibilities under FBSEA, it has not charged foreign banks for any examination costs; and (3) if the Federa...
Bank and Thrift Regulation: Improvements Needed In Examination Quality and Regulatory Structure
AFMD-93-15: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank and thrift examinations performed by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB), Office of the Comptroller of the Currency, and Office of Thrift Supervision (OTS), focusing on: (1) how well regulators assessed the quality of bank and thrift loan portfolios; and (2) the effectiveness of the institutions' internal control systems.GAO found that: (...
Bank Examination Quality: FDIC Examinations Do Not Fully Assess Bank Safety and Soundness
AFMD-93-12: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank examinations performed by the Federal Deposit Insurance Corporation (FDIC).GAO found that: (1) the most recent FDIC examination did not include sufficient evidence for detecting loan quality problems for at least 40 percent of the banks FDIC supervised as of September 30, 1990; (2) FDIC officials believed that examiners were adequately evaluating loans but were not documenting th...
Bank Examination Quality: OCC Examinations Do Not Fully Assess Bank Safety and Soundness
AFMD-93-14: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank examinations performed by the Office of the Comptroller of the Currency (OCC).GAO found that: (1) although the OCC handbook provides guidance for performing internal control assessments, OCC allows examiners discretion in determining the scope of an examination; (2) OCC did not comprehensively review internal controls in recent examinations of an estimated 72 percent of large ban...