Bank Powers: Insulating Banks From the Potential Risks of Expanded Activities
GGD-87-35
Published: Apr 14, 1987. Publicly Released: Apr 14, 1987.
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Highlights
GAO reported on a proposed method to permit banks to participate in expanded activities while insulating their insured deposits from risky activities by organizationally separating the new activities from traditional bank operations. Banks generally operate these nontraditional activities under one of their departments, a subsidiary, a holding company subsidiary, or a bank service corporation.
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