Securities (61 - 70 of 97 items)
Securities Regulation: Customer Protection Rule Oversight Procedures Appear Adequate
GGD-92-17: Published: Nov 21, 1991. Publicly Released: Nov 21, 1991.
Pursuant to a congressional request, GAO reviewed the Securities Exchange Commission's (SEC) oversight and enforcement of the SEC customer protection rule, focusing on: (1) how SEC determines whether broker-dealers are complying with the rule's possession or control requirement; (2) whether SEC has written procedures or methodologies for testing for rule compliance; and (3) the procedures SEC uses...
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...
Resolution Trust Corporation: Funding, Asset Disposition, and Structure Issues
T-GGD-91-67: Published: Sep 17, 1991. Publicly Released: Sep 17, 1991.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) current and future funding needs; (2) its progress in disposing of assets; and (3) issues related to restructuring RTC. GAO noted that: (1) on September 12, 1991, RTC and its Oversight Board requested an additional $80 billion in loss funds, a $160-billion increase in the RTC working capital borrowing authority, to complete the cleanup of...
Securities Industry: Strengthening Sales Practice Oversight
GGD-91-52: Published: Apr 25, 1991. Publicly Released: Apr 25, 1991.
GAO reviewed the Securities and Exchange Commission's (SEC) oversight of four self-regulatory organizations' (SRO) monitoring and enforcement of sales practice compliance among securities industry firms.GAO found that: (1) the only SEC timetable for completely inspecting SRO sales practices applied only to the district offices of one SRO; (2) SEC needed to improve its SRO inspection coverage, eval...
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...
[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...
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...
Resolving Failed Savings and Loan Institutions: Estimated Costs and Additional Funding Needs
T-AFMD-90-32: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) funding needs; and (2) RTC, its Oversight Board's, and the Congressional Budget Office's (CBO) cost estimates for resolving failed and troubled savings institutions. GAO noted that: (1) the Office of Thrift Supervision developed a rating system to measure the relative health of individual institution's financial conditions, compliance wit...
Investment Advisers: Current Level of Oversight Puts Investors at Risk
GGD-90-83: Published: Jun 26, 1990. Publicly Released: Jul 12, 1990.
Pursuant to a congressional request, GAO reviewed the Securities and Exchange Commission's (SEC) regulation of investment advisers.GAO found that: (1) since 1980, the number of financial advisers has tripled from about 4,600 to about 14,000, and the assets they manage have increased from about $440 billion to about $4.6 trillion; (2) investment advisers provide investors little assurance that the...
European Community: U.S. Financial Services' Competitiveness Under the Single Market Program
T-NSIAD-90-45: Published: May 23, 1990. Publicly Released: May 23, 1990.
GAO discussed its assessment of how the European Community's (EC) Single Market Program might affect U.S. financial firms. GAO noted that the Single Market Program will create more opportunities for U.S. financial firms to expand their already considerable EC business. GAO found that: (1) it appeared that U.S. financial firms would face relatively few EC-imposed restrictions; (2) insurance has bee...