Regulatory agencies (51 - 60 of 114 items)
Financial Derivatives: Actions Needed to Protect the Financial System
T-GGD-94-170: Published: Jun 23, 1994. Publicly Released: Jun 23, 1994.
GAO discussed federal oversight of derivatives activities. GAO noted that: (1) most of the over-the-counter derivatives activity in the United States is concentrated among 15 major U.S. dealers who are extensively linked with each other, end-users, and exchange-traded markets; (2) these dealers' sudden failure or abrupt withdrawal from trading could cause significant problems and prompt the federa...
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...
Bank Regulation: Consolidation of the Regulatory Agencies
T-GGD-94-106: Published: Mar 4, 1994. Publicly Released: Mar 4, 1994.
GAO discussed proposed legislation to consolidate the regulatory activities of the Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) and create a Federal Banking Commission. GAO noted that: (1) problems arising from four agencies' regulation of banks and thrifts include limited bank safety and soun...
Bank and Thrift Regulation: Observations on Proposed Changes to Appraisal Requirement
T-GGD-94-102: Published: Mar 1, 1994. Publicly Released: Mar 1, 1994.
GAO discussed the threshold for exempting federally insured financial institutions' real estate transactions from appraisal requirements, focusing on the proposed change in the threshold and its effect on real estate valuation, deposit insurance funds, and consumers. GAO noted that: (1) current law requires appraisals for all financial institutions' real estate transactions and that states impleme...
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...
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 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...
Credit Availability Guidance
GGD-93-15R: Published: Mar 30, 1993. Publicly Released: Mar 30, 1993.
Pursuant to a congressional request, GAO reviewed regulatory policy initiatives that address the continued decline in credit availability. GAO found that: (1) regulators have issued financial guidance to clarify existing policies relating to financial institutions' assets and capital requirements; (2) uniform regulatory guidance ensures that bank examiners consistently evaluate the safety and soun...
Financial Services Industry Issues
OCG-93-10TR: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
Pursuant to a congressional request, GAO summarized issues relating to the federal government's regulation of and relationship with the financial services industry, focusing on: (1) federal regulation of financial institutions; (2) rapidly changing financial markets; and (3) federal regulation of insurance industry solvency.GAO noted that the: (1) federal government's many legislative and administ...