Strengthening Trade Practice Oversight
T-GGD-89-39: Published: Sep 8, 1989. Publicly Released: Sep 8, 1989.
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GAO discussed how the Commodity Futures Trading Commission (CFTC) and four of the exchanges it regulated could better deter, detect, and punish floor trade practice abusers in the futures markets. GAO noted that: (1) exchanges generally did not precisely time trade activities, although such audit trail information could help them to prevent floor participants from altering trading records and concealing execution of noncompetitive trades; (2) CFTC did not technically assess the exchanges' planned automated systems for tracking trade activities, although the systems could introduce risks to accurate transaction processing, responsive operations, and secure and continuous service; (3) CFTC used investigatory and disciplinary action information to monitor exchanges' rule enforcement, but could not use that information to formally analyze trends and compare results among exchanges, since no uniform definitions existed for classifying investigations and disciplinary actions; and (4) the number and severity of disciplinary actions varied among the exchanges, with the total number of penalized participants at each exchange ranging from 17 to 177, total fines ranging from $300,000 to $4.5 million, and total suspensions ranging from 300 business days to 14,000 business days.
Jan 28, 2021
Macroprudential Oversight:
Principles for Evaluating Policies to Assess and Mitigate Risks to Financial System StabilityGAO-21-230SP: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
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.
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