Banking (51 - 60 of 75 items)
Thrift Examination Quality: OTS Examinations Do Not Fully Assess Thrift Safety and Soundness
AFMD-93-11: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed the quality of the Office of Thrift Supervision's (OTS) thrift institution examinations, focusing on: (1) OTS reviews of thrifts' loans and internal controls; and (2) the effectiveness of coordination between OTS and the Federal Deposit Insurance Corporation (FDIC).GAO found that: (1) for 17 of the 20 thrifts it reviewed, OTS examiners failed to review sufficient numbers of loans to a...
Securities Markets: Challenges to Harmonizing International Capital Standards Remain
GGD-92-41: Published: Mar 10, 1992. Publicly Released: Mar 10, 1992.
GAO reported on international efforts to harmonize capital standards for securities firms and for banks' securities activities, focusing on the implications of those harmonization efforts for U.S. capital standards.GAO found that: (1) securities market regulators in such major markets as Japan, the United States, and the United Kingdom generally support efforts to harmonize capital standards; (2)...
Government-Sponsored Enterprises: Using Private Risk Ratings for Exemptions From Federal Regulations
GGD-92-10: Published: Nov 6, 1991. Publicly Released: Nov 6, 1991.
GAO compared the risk ratings of government-sponsored enterprises (GSE) done by bank regulators and nationally recognized statistical rating organizations (NRSRO).GAO found that: (1) although NRSRO ratings and banks' process of assessing capital, assets, management, earnings, and liquidity (CAMEL) to determine rate risks were similar, they differed often enough that one could not be readily substi...
Government-Sponsored Enterprises: A Framework for Limiting the Government's Exposure to Risks
GGD-91-90: Published: May 22, 1991. Publicly Released: May 22, 1991.
Pursuant to a legislative requirement, GAO reviewed the risks undertaken by government-sponsored enterprises (GSE) in order to propose: (1) appropriate regulatory authorities for GSE federal regulators; (2) a regulatory structure to administer GSE oversight; and (3) capital standards to adequately protect the government's interest in GSE.GAO found that: (1) the Department of Housing and Urban Deve...
Failed Banks: Accounting and Auditing Reforms Urgently Needed
AFMD-91-43: Published: Apr 22, 1991. Publicly Released: Apr 22, 1991.
GAO analyzed the financial reports prepared by managers and regulators' examination reports for 39 banks that failed in 1988 and 1989 to identify: (1) the impact of accounting and internal control weaknesses on those failures; and (2) reforms that could minimize future losses to the Bank Insurance Fund.GAO found that: (1) examination of the call reports banks prepared an average 6 months prior to...
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
Bank Powers: Issues Relating to Banks Selling Insurance
GGD-90-113: Published: Sep 25, 1990. Publicly Released: Sep 25, 1990.
Pursuant to a congressional request, GAO evaluated the potential effects of banks selling insurance on consumers, other insurance sellers, and bank safety and soundness.GAO found that: (1) banks could reduce consumers' insurance costs by lowering the costs of marketing and selling policies through joint marketing of bank and insurance products to customers; (2) since sales represented only a fract...
U.S. Government Securities: More Transaction Information and Investor Protection Measures Are Needed
GGD-90-114: Published: Sep 14, 1990. Publicly Released: Sep 14, 1990.
Pursuant to a legislative requirement, GAO evaluated the implementation and effectiveness of the Government Securities Act of 1986.GAO found that: (1) the Securities and Exchange Commission (SEC) found that the National Association of Securities Dealers (NASD) was ensuring that specialist firms complied with Treasury requirements and regulations; (2) gaps in investor protection could result in inv...
European Community: U.S. Financial Services' Competitiveness Under the Single Market Program
NSIAD-90-99: Published: May 21, 1990. Publicly Released: May 24, 1990.
Pursuant to a congressional requirement, GAO assessed: (1) how the European Community's (EC) Single Market Program could affect U.S. financial firms; (2) the extent to which U.S. financial firms participated in EC markets; (3) potential opportunities and challenges for U.S. financial firms; and (4) how U.S. government agencies were working to ensure full and fair access to European markets.GAO fou...
Farm Credit: Basis for Decision Not to Assist Jackson Federal Land Bank
GGD-90-16: Published: Dec 13, 1989. Publicly Released: Dec 13, 1989.
Pursuant to a congressional request, GAO reviewed the Farm Credit System Assistance Board's (FCSAB) procedures in making its decision to recommend receivership for the Federal Land Bank of Jackson, Mississippi, rather than to provide it with viability assistance, focusing on: (1) the basis for the FCSAB decision to deny financial assistance; (2) whether the FCSAB analysis showed that receivership...