Banking law (71 - 80 of 94 items)
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...
Bank and Thrift Criminal Fraud: The Federal Commitment Could Be Broadened
GGD-93-48: Published: Jan 8, 1993. Publicly Released: Feb 8, 1993.
Pursuant to a congressional request, GAO provided information on federal efforts to investigate and prosecute financial institution fraud, focusing on: (1) implementation of Crime Control Act of 1990 provisions; and (2) the Department of Justice's (DOJ) efforts to address bank and thrift fraud.GAO found that: (1) the Attorney General has made criminal financial institutional fraud the top enforcem...
Money Laundering: Treasury Civil Case Processing of Bank Secrecy Act Violations
GGD-92-46: Published: Feb 6, 1992. Publicly Released: Apr 6, 1992.
Pursuant to a congressional request, GAO reviewed the Department of the Treasury's Office of Financial Enforcement's (OFE) processing of civil penalty referrals of alleged Bank Secrecy Act violations, focusing on the: (1) OFE civil penalty work load; and (2) time it takes OFE to process referrals.GAO found that between 1986 and 1991, the: (1) number of civil penalty referrals that OFE received dec...
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...
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...
Financial Institutions: Time Limits on Holding Deposits Generally Met but More Oversight Needed
GGD-91-132: Published: Sep 30, 1991. Publicly Released: Sep 30, 1991.
Pursuant to a legislative requirement, GAO evaluated the implementation and administration of the Expedited Funds Availability Act (EFAA), which limits the length of time that financial institutions can hold funds from checks deposited into customer accounts, focusing on the Federal Reserve Board's (FRB) efforts to establish examination procedures and monitor the act's compliance.GAO found that: (...
Pay and Benefits: Information on Four Federal Banking Agencies
GGD-91-137BR: Published: Sep 30, 1991. Publicly Released: Sep 30, 1991.
Pursuant to a congressional request, GAO reviewed the implementation of a provision of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to promote comparability in pay and benefits among federal banking agencies, focusing on: (1) mechanisms of coordination the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency (OCC), the Resolution Trust Co...
Bank Powers: Bank Holding Company Securities Subsidiaries' Market Activities Update
GGD-91-131: Published: Sep 20, 1991. Publicly Released: Sep 20, 1991.
Pursuant to a congressional request, GAO investigated bank holding company subsidiaries' bank-ineligible securities underwriting activities, focusing on: (1) the number of firms involved in such activities and the volume of their activities and their assets, revenues, and capital; and (2) regulatory revisions proposed by the Federal Reserve.GAO found: (1) the Federal Reserve authorized 35 banking...
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...