Bank management (61 - 70 of 103 items)
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 and Thrift Regulation: FDICIA Safety and Soundness Reforms Need to Be Maintained
T-AIMD-93-5: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO discussed H.R. 962, the Economic Growth and Financial Institutions Regulatory Paperwork Act of 1993, focusing on the effect this bill would have on credit availability and the safety and soundness of the industry. GAO noted that: (1) H.R. 962 proposes eliminating or altering several of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) safety and soundness reforms conce...
Thrift Failures: Actions Needed to Stabilize RTC's Professional Liability Program
GGD-93-105: Published: Jun 28, 1993. Publicly Released: Jul 19, 1993.
Pursuant to a congressional request, GAO provided information on: (1) various management changes to the Resolution Trust Corporation's (RTC) Professional Liability Section (PLS) program; (2) PLS staffing and the filing and disposition of PLS cases; and (3) actions RTC needs to take to maintain the PLS program as its functions are transferred to the Federal Deposit Insurance Corporation (FDIC).GAO...
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...
Bank and Thrift Failures: The Government Could Do More to Pursue Fraud and Wrongdoing
T-GGD-93-1: Published: Jan 28, 1993. Publicly Released: Jan 28, 1993.
GAO discussed the financial institution crisis, focusing on: (1) the extent that criminal and negligent behavior contributed to failures or losses to deposit insurance funds; (2) the difficulty of investigating and prosecuting financial institution fraud; (3) enforcement problems that could lead to legislative changes; and (4) steps to prevent future financial institution fraud. GAO noted that: (1...
Bank and Thrift Failures: RTC Needs to Improve Planning for Professional Liability Staff Changes
T-GGD-92-69: Published: Aug 11, 1992. Publicly Released: Aug 11, 1992.
GAO discussed the Resolution Trust Corporation's (RTC) attorney staffing for its Professional Liability Program, focusing on the effect of assignment changes on attorney responsibilities. GAO noted that: (1) staffing shortages and changes have led to program disruptions; (2) the program employs 70 attorneys, which is about half of the number needed; 40 percent of RTC professional liability attorne...
Bank and Thrift Failures: FDIC and RTC Could Do More to Pursue Professional Liability Claims
T-GGD-92-42: Published: Jun 2, 1992. Publicly Released: Jun 2, 1992.
GAO discussed the Federal Deposit Insurance Corporation's (FDIC) and the Resolution Trust Corporation's (RTC) efforts to purse civil professional liability claims arising from bank and thrift failures. GAO noted that: (1) RTC and FDIC officials estimate that possible fraud or negligence was present in more than three-fourths of failed banks and thrifts; (2) since 1989, FDIC and RTC have recovered...
Failed Thrift: Lengthy Government Control of Sunbelt Savings Bank
GGD-92-82: Published: Apr 28, 1992. Publicly Released: Apr 28, 1992.
Pursuant to a congressional request, GAO reviewed: (1) why a federal savings bank has remained under government control since August 1988; and (2) the costs and benefits of this control.GAO found that: (1) the Federal Savings and Loan Insurance Corporation (FSLIC) did not resolve the eight thrifts subsequently consolidated as the bank because no eligible acquirer came forward and FSLIC did not hav...
Bank and Thrift Fraud: Overview of the Federal Government's Response
T-GGD-92-12: Published: Feb 6, 1992. Publicly Released: Feb 6, 1992.
GAO discussed: (1) the role of the Department of Justice's (DOJ) Special Counsel for Financial Institution Fraud; and (2) resources allocated for investigation and prosecution of financial institution fraud. GAO noted that: (1) Congress provided DOJ with significant additional powers and resources to address the savings and loan crisis, and the work load associated with that mandate continues to g...
Corporate Accountability: A Time for Reform
147444: Jan 23, 1992
GAO discussed legislation Congress passed providing $70 billion in loans to shore up the Federal Deposit Insurance Corporation's Bank Insurance Fund. GAO noted that: (1) the legislation requires federal bank regulators to more timely deal with problem banks before they deplete bank capital; (2) real corporate accountability is impossible without a board of directors that is independent of manageme...