Regulatory agencies (61 - 70 of 106 items)
Securities and Exchange Commission: Delays in Processing Time-Sensitive Stock Filings
GGD-93-130: Published: Aug 18, 1993. Publicly Released: Aug 18, 1993.
Pursuant to a congressional request, GAO reviewed the Securities and Exchange Commission's (SEC) processing of time-sensitive securities market information.GAO found that: (1) SEC discloses time-sensitive securities information to the public within 1 business day after it receives the filings; (2) SEC took 2 or more business days to process about 16 percent of the filings it received by mail durin...
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...
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...
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...
Securities Firms: Assessing the Need to Regulate Additional Financial Activities
GGD-92-70: Published: Apr 21, 1992. Publicly Released: Apr 21, 1992.
GAO reviewed: (1) the organization and regulatory structure of large U.S. securities firms; (2) whether regulatory gaps exist that might affect U.S. investors and the financial system; and (3) the regulation of those firms compared to different regulatory approaches for bank holding companies and foreign securities firms.GAO found that: (1) during the 1980s, the U.S. securities business became con...
Depository Institutions: Contracting Practices With Data Processing Servicers
GGD-92-19: Published: Feb 5, 1992. Publicly Released: Feb 5, 1992.
Pursuant to a legislative requirement, GAO provided information on the extent to which data processing servicers engaged in other services with depository institutions.GAO found that: (1) of 150 data processing servicers reviewed, 51 vendors reported engaging in other business relationships with banks in addition to data processing services, and 16 vendors reported engaging in such relationship wi...
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...