Risk management (21 - 30 of 54 items)
Government-Sponsored Enterprises: Creation of a Single Housing GSE Regulator
T-GGD-00-200: Published: Sep 12, 2000. Publicly Released: Sep 12, 2000.
Pursuant to a congressional request, GAO discussed the regulation of the housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO supports a single housing GSE regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System; (2) selecting a stand-alone agency with a governing board would better ensure the independence and prominence of the regulator and allow it to act i...
Securities Operations: Day Trading Requires Continued Oversight
GGD-00-61: Published: Feb 24, 2000. Publicly Released: Feb 24, 2000.
Pursuant to a congressional request, GAO reviewed day trading, focusing on: (1) the nature and extent of day trading; (2) regulatory actions taken to address the day trading risks; and (3) the actions day trading firms have taken to address regulatory concerns.GAO noted that: (1) day trading among less experienced investors is an evolving segment of the securities industry; (2) day traders, who re...
Risk-Focused Bank Examinations: Regulators of Large Banking Organizations Face Challenges
GGD-00-48: Published: Jan 24, 2000. Publicly Released: Jan 24, 2000.
Pursuant to a congressional request, GAO provided information on the risk-focused approaches used by the Federal Reserve and Office of the Comptroller of the Currency (OCC), focusing on: (1) the general characteristics of the regulators' risk-focused approach to examinations of large, complex banks, explaining how they differ from past examination practices; (2) comparing the implementation of the...
Long-Term Capital Management: Regulators Need to Focus Greater Attention on Systemic Risk
GGD-00-3: Published: Oct 29, 1999. Publicly Released: Nov 19, 1999.
Pursuant to a congressional request, GAO provided information on Long Term Capital Management (LTCM) funds, focusing on: (1) how LTCM's positions became large and leveraged enough to be deemed a potential systemic threat; (2) what federal regulators knew about LTCM and when they found out about its problems; (3) what the extent of coordination among regulators was; and (4) whether regulatory autho...
OFHEO's Progress in Implementing a Comprehensive Oversight Program for Fannie Mae and Freddie Mac
GGD-98-182R: Published: Jul 29, 1998. Publicly Released: Jul 29, 1998.
Pursuant to a congressional request, GAO provided information on the progress of the Office of the Federal Housing Enterprise Oversight (OFHEO) in implementing the recommendations in GAO's October 1997 report on OFHEO's efforts to help ensure the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), focusi...
Bank and Thrift Examinations: Adoption of Risk-Focused Examination Strategies
T-GGD-98-13: Published: Oct 8, 1997. Publicly Released: Oct 8, 1997.
GAO discussed bank and thrift supervision and examination.GAO noted that: (1) bank supervision and examination today show evidence of lessons learned from the bank and thrift crises of the 1980s and early 1990s; (2) these procedures are the primary basis for federal regulatory agencies to assess the risks that banks and thrifts assume and to take actions to maintain a safe and sound banking system...
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...
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...
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...
Credit Unions: Both Industry and Insurance Fund Appear Financially Sound
T-GGD-94-142: Published: Sep 29, 1994. Publicly Released: Sep 29, 1994.
GAO discussed the financial condition of federally insured credit unions and the National Credit Union Share Insurance Fund. GAO noted that: (1) credit unions fared better in the 1980s than did banks and thrifts; (2) since 1990, credit union assets have increased 46 percent and credit union capital has increased from 7.6 percent to 9.1 percent of assets; (3) loan delinquencies and losses are lower...