Perspectives on the Securities and Exchange Commission's Budget
T-GGD-87-16: Published: May 13, 1987. Publicly Released: May 13, 1987.
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GAO discussed the Securities and Exchange Commission's fiscal year (FY) 1988 through FY 1990 authorization request and its related FY 1988 budget request, noting that its FY 1988 budget request of $145 million is the second largest in its history. GAO found that determining an appropriate resource level for the Commission is difficult because: (1) its budget documents do not indicate its long-term oversight goals and program objectives; (2) it shares the responsibility of ensuring fair, orderly, and efficient capital markets with the industry's self-regulatory organizations; and (3) it faces a challenge measuring program accomplishments because of the lack of data on how many violations are occurring in the markets or the deterrent effects of oversight programs. GAO is concerned about both the amount of the Commission's FY 1988 budget request and its staff-year allocation plans. GAO concluded that it has no reason to question the need for an increase in the Commission's resource level for FY 1988 and the years beyond, but that it cannot affirm the appropriateness of the size of the increase or the Commission's proposed allocation plans.
Dec 16, 2020
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Financial Stability:
Agencies Have Not Found Leveraged Lending to Significantly Threaten Stability but Remain Cautious Amid PandemicGAO-21-167: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 10, 2020
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Federal Reserve Lending Programs:
Use of CARES Act-Supported Programs Has Been Limited and Flow of Credit Has Generally ImprovedGAO-21-180: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020. -
Financial Assistance:
Lessons Learned from CARES Act Loan Program for Aviation and Other Eligible BusinessesGAO-21-198: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020.
Sep 22, 2020
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Anti-Money Laundering:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act VariedGAO-20-574: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
Sep 4, 2020
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Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
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Financial Company Bankruptcies:
Congress and Regulators Have Updated Resolution Planning RequirementsGAO-20-608R: Published: Jul 21, 2020. Publicly Released: Jul 21, 2020.
Jul 6, 2020
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Public Companies:
Disclosure of Environmental, Social, and Governance Factors and Options to Enhance ThemGAO-20-530: Published: Jul 2, 2020. Publicly Released: Jul 6, 2020.
Apr 30, 2020
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Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-20-499PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-20-498PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
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