Banking regulation (71 - 80 of 89 items)
[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....
Lessons Learned From Recent U.S. Banking Experience
143801: May 3, 1991
GAO discussed the lessons Europeans could learn from recent U.S. banking experience to help prepare them for a more deregulated financial services market. GAO noted that: (1) since banks were likely to engage in more risky activities to make up for limited profits, the quality of supervision must be high to control excessive bank risk-taking and to reduce costly failures; (2) accurate information...
Failed Banks: Accounting and Auditing Reforms Urgently Needed
AFMD-91-43: Published: Apr 22, 1991. Publicly Released: Apr 22, 1991.
GAO analyzed the financial reports prepared by managers and regulators' examination reports for 39 banks that failed in 1988 and 1989 to identify: (1) the impact of accounting and internal control weaknesses on those failures; and (2) reforms that could minimize future losses to the Bank Insurance Fund.GAO found that: (1) examination of the call reports banks prepared an average 6 months prior to...
Bank Supervision: Prompt and Forceful Regulatory Actions Needed
GGD-91-69: Published: Apr 15, 1991. Publicly Released: Apr 15, 1991.
Pursuant to a congressional request, GAO reviewed the effectiveness of federal bank regulators' enforcement activities in ensuring that banks operated in a safe and sound manner to preserve the banking industry and the Bank Insurance Fund.GAO found that: (1) in about half of the 72 cases it sampled of banks having difficulty in meeting minimum capital standards, the federal regulatory process did...
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...
Keeping an Eye on Government-Sponsored Enterprises
144267: Jan 1, 1991
This article, which appeared in the GAO Journal, No. 12, Spring 1991, discusses the type of oversight and regulation needed for government-sponsored enterprises (GSE), noting that: (1) GSE stand behind a huge amount of private debt, with 3 GSE guaranteeing over half a trillion dollars; (2) assessments of GSE financial condition typically assume that the government will bail out failing GSE, even t...
Bank Powers: Issues Relating to Banks Selling Insurance
GGD-90-113: Published: Sep 25, 1990. Publicly Released: Sep 25, 1990.
Pursuant to a congressional request, GAO evaluated the potential effects of banks selling insurance on consumers, other insurance sellers, and bank safety and soundness.GAO found that: (1) banks could reduce consumers' insurance costs by lowering the costs of marketing and selling policies through joint marketing of bank and insurance products to customers; (2) since sales represented only a fract...
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...
Electronic Funds Transfer: Oversight of Critical Banking Systems Should Be Strengthened
IMTEC-90-14: Published: Jan 4, 1990. Publicly Released: Feb 21, 1990.
Pursuant to a congressional request, GAO assessed security measures for national and international electronic funds transfer systems, focusing on: (1) four Federal Reserve banks' security measures for the Federal Reserve Communications System (Fedwire); (2) the New York Clearing House Association's protective measures for its Clearing House Interbank Payments System (CHIPS); and (3) the Society fo...
Financial Condition of the Federal Deposit Insurance Corporation's Bank Insurance Fund
T-AFMD-89-15: Published: Sep 19, 1989. Publicly Released: Sep 19, 1989.
GAO discussed the financial condition of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund. GAO noted that: (1) FDIC spent $7.3 billion during 1988 to assist record numbers of insolvent or barely solvent banks; (2) the fund incurred its first net loss, totalling $4.2 billion, in 1988, and also reduced its ratio of fund balance to insured deposits to 0.83, the lowest level ever...