Bank management (71 - 80 of 103 items)
Bank Supervision: Observations on the National Bank and Thrift Examiners' Conference
T-GGD-92-10: Published: Jan 3, 1992. Publicly Released: Jan 3, 1992.
GAO discussed the National Bank and Thrift Examiners' conference, focusing on an interagency policy statement regarding commercial real estate loan classification and review. GAO noted that: (1) the policy statement is not consistent with the objectives of recently passed bank reform legislation; (2) the conference urged bank examiners to utilize a broader view of the prospects for commercial real...
A Nonbanker's Perspective on Banking Reform
147032: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses principles that policymakers should keep in mind as they consider banking regulation reforms, focusing on: (1) increasing protection of taxpayers and depositors by reducing risks; (2) the changing dynamics of the global economy and the development of markets to offer needed services; and (3) equitable treatment,...
Girding for Competition
147028: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses the Federal Deposit Insurance Corporation Improvement Act of 1991 and its effects on the banking industry and U.S. financial system, focusing on the act's provisions for: (1) more promptly closing insolvent banks; (2) accounting and auditing reforms for both banks and their regulators; and (3) forcing banks and...
Audit Committees: Legislation Needed to Strengthen Bank Oversight
AFMD-92-19: Published: Oct 21, 1991. Publicly Released: Oct 21, 1991.
GAO studied audit committees of the largest U.S. banks, focusing on: (1) the extent to which the committees had the necessary independence, expertise, and information on bank operations to perform their corporate governance functions.GAO surveyed 40 chairpersons and: (1) 25 reported that their committees included members who were large customers of the bank; (2) found that 3 committees were compri...
[Comments on an Exposure Draft on Disclosures About Market Value of Financial Instruments]
164335: May 20, 1991
GAO commented on the Financial Accounting Standards Board's (FASB) exposure draft entitled "Disclosures about Market Value of Financial Instruments." GAO supports the adoption of this exposure draft as a Statement of Financial Accounting Standards. The guidance provided by this exposure draft would enable government regulatory agencies to identify troubled financial institutions before they fail....
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...
International Banking: Implementation of Risk-Based Capital Adequacy Standards
NSIAD-91-80: Published: Jan 25, 1991. Publicly Released: Jan 25, 1991.
GAO reviewed six countries' implementation of the Basle framework to measure banks' capital adequacy standards and to establish minimum capital standards for international banks, focusing on: (1) steps countries took to implement the framework; (2) progress countries made in meeting the objectives; and (3) issues that remained unresolved.GAO found that: (1) all of the countries undertook efforts t...
Obligations Limitation: Resolution Trust Corporation's Compliance as of June 30, 1990
AFMD-91-41: Published: Dec 21, 1990. Publicly Released: Jan 23, 1991.
Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) compliance with the maximum RTC obligation limit that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) set forth.GAO found that: (1) RTC did not omit any of the FIRREA-required formulas from its calculations; (2) RTC was working to correct several minor errors and miscalculat...
[Comments on Bank Insurance Fund Recapitalization Plan]
142769: Dec 7, 1990
GAO commented on plans to recapitalize the Bank Insurance Fund by requiring banks to purchase preferred stock from the Federal Deposit Insurance Corporation (FDIC). GAO expressed concern that proper accounting should be used by both FDIC and the banks if the stock was issued...
Comments on H.R. 5590: A Bill to Recapitalize the Bank Insurance Fund
T-GGD-90-64: Published: Sep 27, 1990. Publicly Released: Sep 27, 1990.
GAO discussed proposed legislation that would recapitalize the Bank Insurance Fund (BIF) by requiring banks to contribute 1 percent of their total deposits. GAO found that: (1) in the past 2 years, the Federal Deposit Insurance Corporation (FDIC) Fund lost about $5.1 billion and as a result, the ratio of insurance reserves to insured deposits fell to 0.7 percent, an all time low; (2) additional BI...