Banking law (51 - 60 of 98 items)
Money Laundering: FinCEN Needs to Better Manage Bank Secrecy Act Civil Penalty Cases
GGD-98-108: Published: Jun 15, 1998. Publicly Released: Jun 15, 1998.
Pursuant to a congressional request, GAO reviewed the Department of the Treasury's Financial Crimes Enforcement Network's (FinCEN) efforts to process civil penalty referrals for violations of the Bank Secrecy Act (BSA), focusing on: (1) whether Treasury has changed its policies and procedures for processing civil penalty cases since 1992; (2) Treasury's performance in processing civil penalty case...
Private Banking: Information on Private Banking and Its Vulnerability to Money Laundering
GGD-98-19R: Published: Oct 30, 1997. Publicly Released: Nov 5, 1997.
Pursuant to a congressional request, GAO reviewed private banking activities in the United States and the vulnerability of such activities to money laundering, focusing on: (1) the nature and extent of private banking activities in the United States; (2) regulatory efforts to monitor private banking activities and ensure that these activities comply with the Bank Secrecy Act (BSA); (3) policies an...
Bank Oversight: Few Cases of Tying Have Been Detected
GGD-97-58: Published: May 8, 1997. Publicly Released: May 20, 1997.
Pursuant to a congressional request, GAO provided information on banks' compliance with the tying provisions of the Bank Holding Company Act Amendments of 1970, focusing on: (1) evidence of tying abuses by banks and their affiliates and regulatory efforts to ensure compliance with the provisions; (2) views on the tying provisions expressed by representatives of securities and insurance firms and i...
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...
Bank Data: Material Loss of Oversight Information From Interstate Banking Is Unlikely
GGD-97-49: Published: Mar 26, 1997. Publicly Released: Mar 26, 1997.
Pursuant to a legislative requirement, GAO reviewed how the interstate branching provisions of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 are likely to affect the usefulness of the deposit and loan data collected and reported to federal regulators by the banking industry under statutory and regulatory requirements, focusing on whether modifications to such data require...
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...
Foreign Banks: Implementation of the Foreign Bank Supervision Enhancement Act of 1991
GGD-96-187: Published: Sep 30, 1996. Publicly Released: Sep 30, 1996.
Pursuant to a congressional request, GAO provided information on the Federal Reserve's implementation of the Foreign Bank Supervision Enhancement Act, focusing on: (1) the Reserve's examination process and process for approving foreign bank applications for U.S. entry and expansion; and (2) enforcement actions that the Federal Reserve has taken since 1993.GAO found that: (1) the act established mi...
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...
Financial Institutions and Markets Issue Area: Active Assignments
AA-96-6(2): Published: Apr 6, 1996. Publicly Released: Apr 6, 1996.
GAO provided information on its active assignments in the Financial Institutions and Markets issues area as of April 6, 1996...
Foreign Banks: Assessing Their Role in the U.S. Banking System
GGD-96-26: Published: Feb 7, 1996. Publicly Released: Feb 7, 1996.
Pursuant to a congressional request, GAO reviewed the laws and regulations governing foreign banking operations in the United States.GAO found that: (1) most foreign banks operate in U.S. wholesale banking markets, serve their home country and U.S. corporate customers, and engage in transactions with other financial institutions; (2) by the end of 1994, foreign banks held 17 percent of U.S. domest...