Developments Since the Market Crash of October 1987
T-GGD-88-33: Published: Apr 27, 1988. Publicly Released: Apr 27, 1988.
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GAO discussed federal and self-regulatory organizations' efforts to improve stock market operations following the October 1987 market crash. GAO found that the New York Stock Exchange (NYSE): (1) upgraded its order processing systems; (2) installed new equipment to handle odd-lot orders; (3) installed additional automated specialist books to reduce its reliance on card printers; and (4) added more specialist trading posts. GAO also found that NYSE planned to: (1) increase system handling capability to 1 billion shares daily by December 1989; (2) test its automated order processing systems in a 600-million-share day by April 1988; and (3) develop its system's capability to differentiate between basket trading strategies. GAO also found that there were conflicting views: (1) over the use of daily price limits on index products to control price swings; and (2) regarding NYSE restrictions on the use of the Designated Order Turnaround System for index arbitrage when the Dow Jones average moves 50 points in a day. GAO believes that the President's Working Group on Financial Markets has the potential to resolve intermarket regulatory disagreements.
Sep 5, 2018
Community Banks:
Effect of Regulations on Small Business Lending and Institutions Appears Modest, but Lending Data Could Be ImprovedGAO-18-312: Published: Aug 6, 2018. Publicly Released: Sep 5, 2018.
Jul 19, 2018
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Export-Import Bank:
The Bank Needs to Continue to Improve Fraud Risk ManagementGAO-18-492: Published: Jul 19, 2018. Publicly Released: Jul 19, 2018.
Jul 18, 2018
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Securities Regulation:
SEC Inspections of Financial Industry Regulatory Authority's Governance Were Consistent with Internal GuidanceGAO-18-522: Published: Jul 18, 2018. Publicly Released: Jul 18, 2018.
Jun 26, 2018
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Bank Secrecy Act:
Further Actions Needed to Address Domestic and International Derisking ConcernsGAO-18-642T: Published: Jun 26, 2018. Publicly Released: Jun 26, 2018.
Mar 22, 2018
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Financial Technology:
Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory OversightGAO-18-254: Published: Mar 22, 2018. Publicly Released: Mar 22, 2018. -
Climate-Related Risks:
SEC Has Taken Steps to Clarify Disclosure RequirementsGAO-18-188: Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
Mar 16, 2018
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Community Reinvestment Act:
Options for Treasury to Consider to Encourage Services and Small-Dollar Loans When Reviewing FrameworkGAO-18-244: Published: Feb 14, 2018. Publicly Released: Mar 16, 2018.
Mar 15, 2018
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Commercial Real Estate Lending:
Banks Potentially Face Increased Risk; Regulators Generally Are Assessing Banks' Risk Management PracticesGAO-18-245: Published: Mar 15, 2018. Publicly Released: Mar 15, 2018.
Feb 27, 2018
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Analyzing Regulatory Burden:
Policies and Analyses under the Regulatory Flexibility Act and Retrospective Reviews Could Be ImprovedGAO-18-404T: Published: Feb 27, 2018. Publicly Released: Feb 27, 2018. -
Community Banks and Credit Unions:
Regulators Could Take Additional Steps to Address Compliance BurdensGAO-18-213: Published: Feb 13, 2018. Publicly Released: Feb 27, 2018.
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