Federal Reserve:
Views on Proposed Expanded Access Authority for GAO
T-GGD-90-8: Published: Nov 9, 1989. Publicly Released: Nov 9, 1989.
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Pursuant to a congressional request, GAO discussed proposed legislation which would expand its authority and access in connection with Federal Reserve System (FRS) audits. GAO noted that: (1) its pre-1976 FRS audits were limited mainly to audits of fiscal agent functions FRS banks performed for the Department of the Treasury; (2) 1978 legislation significantly expanded its access to FRS and other bank regulatory agencies, but limited GAO access to information related to foreign transactions, monetary policy, and Federal Open Market Committee (FOMC) operations; (3) it has not experienced significant problems in cooperating with FRS; (4) although statutory limits posed access problems in GAO studies of the effects of monetary policy on housing and other parts of the economy, an information leak regarding FOMC deliberations, and FRS banks' Treasury securities accounting systems, GAO found reasonable ways to satisfy its information requirements; (5) the proposed legislation would remove the constraints on GAO access concerning monetary policy and FOMC deliberations and would facilitate GAO ability to audit banks' financial transactions; and (6) the proposed legislation should include provisions to protect FRS from undue interference.
Jan 18, 2019
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Housing Finance:
Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for ReformGAO-19-239: Published: Jan 18, 2019. Publicly Released: Jan 18, 2019.
Dec 19, 2018
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Financial Technology:
Agencies Should Provide Clarification on Lenders' Use of Alternative DataGAO-19-111: Published: Dec 19, 2018. Publicly Released: Dec 19, 2018.
Dec 10, 2018
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Financial Company Bankruptcies:
Experts Had Mixed Views on Companies' Controls for Mitigating ObstaclesGAO-19-30: Published: Nov 8, 2018. Publicly Released: Dec 10, 2018.
Sep 5, 2018
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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.
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