Regulatory agencies (91 - 100 of 197 items)
Financial Regulation: Bank Modernization Legislation
T-OCE/GGD-97-103: Published: May 7, 1997. Publicly Released: May 7, 1997.
GAO discussed the modernization of the U.S. financial services regulatory system.GAO noted that: (1) the laws governing the financial services industry and the regulatory structure that oversees it were developed for an industry compartmentalized into commercial banking, investment banking, and insurance; (2) in recent decades, however, these activities have converged to where many financial produ...
Allegations of Improper Management Practices at NCUA
GGD/OSI-97-44R: Published: Apr 8, 1997. Publicly Released: Apr 8, 1997.
Pursuant to a congressional request, GAO reviewed allegations of improper management practices at the National Credit Union Administration (NCUA), focusing on the: (1) internal operations of the NCUA Board and the role of the Chairman; (2) role of NCUA staff in establishing official NCUA policy; and (3) legality and propriety of NCUA actions in sponsoring and promoting a 1996 conference, "Serving...
Bank Data: Material Loss of Oversight Information From Interstate Banking Is Unlikely
GGD-97-49: Published: Mar 26, 1997. Publicly Released: Mar 26, 1997.
Pursuant to a legislative requirement, GAO reviewed how the interstate branching provisions of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 are likely to affect the usefulness of the deposit and loan data collected and reported to federal regulators by the banking industry under statutory and regulatory requirements, focusing on whether modifications to such data require...
Bank and Thrift Regulation: Implementation of FDICIA's Prompt Regulatory Action Provisions
GGD-97-18: Published: Nov 21, 1996. Publicly Released: Nov 21, 1996.
GAO reviewed the Federal Reserve System's (FRS) and the Office of the Comptroller of the Currency's (OCC) efforts to implement the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) prompt regulatory action provisions and the impact of those provisions on federal oversight of depository institutions.GAO found that: (1) regulators have taken the required steps to implement FDICI...
Bank Oversight Structure: U.S. and Foreign Experience May Offer Lessons for Modernizing U.S. Structure
GGD-97-23: Published: Nov 20, 1996. Publicly Released: Nov 20, 1996.
Pursuant to a congressional request, GAO reviewed its previous work on the structure and operations of bank oversight in five countries, focusing on: (1) aspects of those systems that may be useful for Congress to consider in any future modernization efforts; (2) perceived problems with federal bank oversight in the United States; and (3) principles for modernizing the U.S. federal bank oversight...
Banks' Securities Activities: Oversight Differs Depending on Activity and Regulator
GGD-95-214: Published: Sep 21, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO reviewed federal bank regulators' oversight of banks' securities activities, focusing on the: (1) extent to which banks provide securities brokerage services; (2) how those services are regulated; (3) results of Federal Reserve inspections of bank holding company subsidiaries authorized to underwrite and deal in securities; and (4) Federal Deposit Insurance...
Limited Partnership Rollups
GGD-95-180R: Published: Aug 3, 1995. Publicly Released: Aug 3, 1995.
Pursuant to a legislative requirement, GAO reviewed the use of fairness opinions in limited partnership rollups. GAO noted that it did not have a sufficient basis to submit any conclusions on the use of fairness opinions, since only one fairness opinion and five rollups in total were filed since the legislation was enacted...
Government-Sponsored Enterprises: Development of the Federal Housing Enterprise Financial Regulator
GGD-95-123: Published: May 30, 1995. Publicly Released: May 30, 1995.
Pursuant to a legislative requirement, GAO reviewed the status of the Office of Federal Housing Enterprise Oversight's (OFHEO) development, focusing on OFHEO progress in designing and instituting key management systems.GAO found that: (1) OFHEO has made considerable progress toward setting up its key management systems; (2) as of February 1995, OFHEO had most of its administrative structure in pla...
Community Reinvestment Act: Preliminary Results of GAO's Study on CRA Problems and Proposed Reforms
T-GGD-95-113: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
Pursuant to a congressional request, GAO discussed the implementation of the Community Reinvestment Act (CRA). GAO noted that: (1) CRA requires bank regulators to assess banks' community lending performance during examinations; (2) community groups urged the passage of CRA to curb what they believed to be a lack of adequate investment in low- and moderate-income areas; (3) community groups have ra...
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...