Financial Markets: Preliminary Observations on the October 1987 Crash
GGD-88-38
Published: Jan 26, 1988. Publicly Released: Jan 26, 1988.
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Highlights
Pursuant to a congressional request, GAO examined aspects of the October 19, 1987, market crash, focusing on: (1) market evolution and interrelationships; (2) operating structure; (3) market regulation; (4) market internationalization; (5) the availability of adequate capital and liquidity; and (6) abusive sales and trading practices.
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Brokerage industryCommodities exchangesFinancial institutionsGlobalizationInformation systemsMicroeconomic analysisRegulatory agenciesSecurities regulationStock exchangesTrade regulationContingency plans