Financial management (61 - 70 of 115 items)
Financial Institutions and Markets Issue Area Plan--Fiscal Year 1998
IAP-97-22: Published: Aug 1, 1997. Publicly Released: Aug 1, 1997.
GAO presented its Financial Institutions and Markets issue area plan for fiscal year 1998.GAO plans to assess the: (1) regulatory framework for financial system integrity and the government's role in maintaining an efficient and competitive financial services industry; (2) Federal Reserve System, the supervision of foreign banks in the U.S. banking system, the bank regulatory structure in foreign...
Financial Institutions and Markets Issue Area Plan--Fiscal Years 1997-98
IAP-96-11: Published: May 1, 1996. Publicly Released: May 1, 1996.
GAO presented its Financial Institutions and Markets issue area plan for fiscal years 1997 through 1998.GAO plans to: (1) identify how financial institutions, markets, and regulatory agencies respond to the changing demands and technological advances of the global marketplace; (2) evaluate existing laws' impact on market efficiency, competition, and U.S. financial institutions; (3) improve the reg...
1993 Bank Resolutions: FDIC Further Improved Its Resolution Process
GGD-95-118: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with the Federal Deposit Insurance Corporation Improvement Act's (FDICIA) least-cost provisions for resolving troubled depository institutions.GAO found that: (1) FDIC has improved its resolution process and consistently makes decisions based on the least costly resolution alternatives...
Failing Banks: Lessons Learned from Resolving First City Bancorporation of Texas
GGD-95-37: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution of the First City Bancorporation of Texas, focusing on: (1) why FDIC decided to resolve the corporation by providing financial assistance instead of using other available resolution alternatives; and (2) the additional cost to the Bank Insurance Fund (BIF) as a result of the resolution.G...
Financial Regulation: Modernization of the Financial Services Regulatory System
T-GGD-95-121: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
GAO discussed the modernization of the financial services regulatory system. GAO noted that: (1) although the banking industry appears to have recovered from its recent crisis, it is premature to assume that fundamental concerns about risk management and regulatory supervision have been resolved; (2) while the regulatory system has adapted to the financial industry's movements on an ad hoc basis,...
Credit Unions: Proposed Reforms for Corporate Credit Union Regulation
T-GGD-95-115: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
GAO discussed proposed regulations for corporate credit unions. GAO noted that these revised regulations: (1) must go through a number of steps before they become final; (2) will have the desired impact only if the National Credit Union Administration vigorously enforces them; (3) narrow the financial risks that corporate credit unions can undertake; (4) require corporate credit unions to build a...
Credit Unions: The Failure of Capital Corporate Federal Credit Union
T-GGD-95-107: Published: Feb 28, 1995. Publicly Released: Feb 28, 1995.
GAO discussed the failure of the Capital Corporate Federal Credit Union (Cap Corp) and the National Credit Union Administration's (NCUA) oversight of Cap Corp. GAO noted that: (1) Cap Corp's failure was due to an inappropriate investment strategy, an inadequate risk management system, insufficient board oversight, lax regulatory supervision and examination, and inadequate capital; (2) Cap Corp imp...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Corporate Credit Unions: Condition, Issues, and Concerns
T-GGD-95-15: Published: Oct 6, 1994. Publicly Released: Oct 6, 1994.
Pursuant to a congressional request, GAO discussed issues concerning the financial condition and investment practices of corporate credit unions and the U.S. Central Credit Union. GAO noted that: (1) many small insured credit unions have placed a substantial part of their unloaned deposits in corporate credit unions for investment purposes; (2) the operation and investments of corporates must be f...
1992 Thrift Resolutions: RTC Policies and Practices Did Not Fully Comply With Least-Cost Provisions
GGD-94-110: Published: Jun 17, 1994. Publicly Released: Jun 17, 1994.
Pursuant to a legislative requirement, GAO reviewed the Resolution Trust Corporation's (RTC) compliance with legislative requirements that it use the least costly method to resolve failed thrifts, focusing on: (1) 1992 RTC resolution policies and decisions, specifically its calculation and documentation of the costs of resolution alternatives; and (2) marketing aspects of the RTC resolution proces...