Financial institutions (41 - 50 of 75 items)
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...
Financial Audit: Federal Deposit Insurance Corporation's 1998 and 1997 Financial Statements
AIMD-99-202: Published: Jun 30, 1999. Publicly Released: Jun 30, 1999.
Pursuant to a legislative requirement, GAO reviewed the financial statements of the Bank Insurance Fund, the Savings Association Insurance Fund, and the Federal Savings and Loan Insurance Corporation Resolution Fund for the years ended December 31, 1998 and 1997. GAO also reviewed: (1) the Federal Deposit Insurance Corporation (FDIC) management's assertions regarding the effectiveness of its inter...
Foreign Banks: Opportunities Exist to Enhance Supervision Program as Implementation Proceeds
GGD-97-80: Published: May 9, 1997. Publicly Released: May 9, 1997.
Pursuant to a congressional request, GAO provided information on the oversight of the U.S. operations of foreign banking organizations (FBO), focusing on the: (1) FBO program; and (2) banking supervisors' progress in implementing this program.GAO noted that: (1) the FBO Program focuses on integrating into supervisory procedures a common understanding of a given FBO in its entirety, including polic...
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...
Bank Regulatory Structure: Canada
GGD-95-223: Published: Sep 28, 1995. Publicly Released: Oct 3, 1995.
Pursuant to a congressional request, GAO reviewed the Canadian bank regulatory structure and its key participants.GAO found that: (1) the Office of the Superintendent of Financial Institutions (OSFI) is the primary supervisor of Canadian financial institutions and is responsible for incorporating financial institutions, issuing regulations and guidelines, taking enforcement actions, and resolving...
Bank Regulatory Structure: France
GGD-95-152: Published: Aug 31, 1995. Publicly Released: Sep 6, 1995.
Pursuant to a congressional request, GAO reviewed the French bank regulatory structure and its key participants.GAO found that: (1) three independent committees oversee bank authorization, regulation, and supervision in France; (2) the Credit Institutions Committee (CEC) is responsible for authorizing and licensing credit institutions, approving any significant changes to a credit institution's st...
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...
Financial Audit: Federal Deposit Insurance Corporation's Internal Controls as of December 31, 1992
AIMD-94-35: Published: Feb 4, 1994. Publicly Released: Feb 4, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) system of internal accounting controls as of December 31, 1992, as part of its 1992 financial statement audits of the Bank Insurance Fund (BIF), the Savings Association Insurance Fund (SAIF), and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF), to determine whethe...
Bank and Thrift Regulation: FDICIA Safety and Soundness Reforms Need to Be Maintained
T-AIMD-93-5: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO discussed H.R. 962, the Economic Growth and Financial Institutions Regulatory Paperwork Act of 1993, focusing on the effect this bill would have on credit availability and the safety and soundness of the industry. GAO noted that: (1) H.R. 962 proposes eliminating or altering several of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) safety and soundness reforms conce...
Resolution Trust Corporation: Loan Portfolio Pricing and Sales Process Could Be Improved
GGD-93-116: Published: Jul 23, 1993. Publicly Released: Aug 17, 1993.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) portfolio sales of loans and real estate assets, focusing on: (1) loan portfolio pricing; (2) the loan portfolio sales process; and (3) the availability of loan portfolio sales information.GAO found that: (1) RTC could not determine whether it was maximizing recoveries on many of its loan portfolio sales or...