Regulatory agencies (31 - 40 of 41 items)
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...
Financial Derivatives: Actions Needed to Protect the Financial System
T-GGD-94-170: Published: Jun 23, 1994. Publicly Released: Jun 23, 1994.
GAO discussed federal oversight of derivatives activities. GAO noted that: (1) most of the over-the-counter derivatives activity in the United States is concentrated among 15 major U.S. dealers who are extensively linked with each other, end-users, and exchange-traded markets; (2) these dealers' sudden failure or abrupt withdrawal from trading could cause significant problems and prompt the federa...
Securities and Exchange Commission: Delays in Processing Time-Sensitive Stock Filings
GGD-93-130: Published: Aug 18, 1993. Publicly Released: Aug 18, 1993.
Pursuant to a congressional request, GAO reviewed the Securities and Exchange Commission's (SEC) processing of time-sensitive securities market information.GAO found that: (1) SEC discloses time-sensitive securities information to the public within 1 business day after it receives the filings; (2) SEC took 2 or more business days to process about 16 percent of the filings it received by mail durin...
Securities Firms: Assessing the Need to Regulate Additional Financial Activities
GGD-92-70: Published: Apr 21, 1992. Publicly Released: Apr 21, 1992.
GAO reviewed: (1) the organization and regulatory structure of large U.S. securities firms; (2) whether regulatory gaps exist that might affect U.S. investors and the financial system; and (3) the regulation of those firms compared to different regulatory approaches for bank holding companies and foreign securities firms.GAO found that: (1) during the 1980s, the U.S. securities business became con...
U.S. Government Securities: More Transaction Information and Investor Protection Measures Are Needed
GGD-90-114: Published: Sep 14, 1990. Publicly Released: Sep 14, 1990.
Pursuant to a legislative requirement, GAO evaluated the implementation and effectiveness of the Government Securities Act of 1986.GAO found that: (1) the Securities and Exchange Commission (SEC) found that the National Association of Securities Dealers (NASD) was ensuring that specialist firms complied with Treasury requirements and regulations; (2) gaps in investor protection could result in inv...
Bank and Savings and Loan Insurance Funds: Financial Condition and Proposed Reforms
T-AFMD-89-3: Published: Mar 10, 1989. Publicly Released: Mar 10, 1989.
GAO discussed the financial condition of the banking industry and the savings and loan (S&L) industry, and recommendations for solving the S&L crisis. GAO found that: (1) despite the adverse events of the last decade, the banking industry and its insurer, the Federal Deposit Insurance Corporation (FDIC), remain fairly healthy; (2) U.S. banks in general have curtailed or eliminated new loans to les...
Transition Series: Financial Services Industry Issues
OCG-89-4TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.
GAO summarized information on issues the federal government should consider relating to the financial services industry, including the: (1) handling of troubled financial institutions; (2) regulation of mergers between banking and nonbanking institutions; (3) regulation of linked securities and futures markets; and (4) regulation of global capital markets.GAO noted that: (1) almost a third of the...
Preliminary Observations on the Market Crash of October 1987
T-GGD-88-10: Published: Feb 5, 1988. Publicly Released: Feb 5, 1988.
GAO discussed issues and problems concerning the October 1987 stock market crash. GAO noted that: (1) the Federal Reserve System (FRS) effectively met its responsibilities during the crisis, but could face difficulties with future crises if Congress relaxed Banking Act of 1933 restrictions; (2) the equity and futures markets have developed intermarket and international linkages; (3) the U.S. marke...
After Black Monday: An Interview With Robert R. Glauber
136523: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 2, Summer 1988, presents a round-table discussion of the findings and recommendations of the Presidential Task Force on Market Mechanisms, established in the wake of the unprecedented drop in the stock market on October 19, 1987. The discussion focused on: (1) the involvement of the Federal Reserve System, Department of the Treasury, and Securit...
The Treasury Securities Market and Primary Dealer System
131128: Sep 29, 1986
GAO testified on its study of the government securities market's strengths and weaknesses, specifically: (1) the relevance of the standards used to designate primary dealers; and (2) the uses which certain market participants make of the primary dealer designation. GAO found that: (1) the Federal Reserve System should review the standard requiring participation in auctions to determine whether the...