Improved Regulatory Structure and Minimum Capital Standards Are Needed for Government-Sponsored Enterprises
T-GGD-91-28: Published: May 10, 1991. Publicly Released: May 10, 1991.
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GAO discussed federal oversight of government-sponsored enterprises (GSE). GAO noted that: (1) limited federal oversight of GSE inhibited the government's ability to identify and resolve future problems that could lead to taxpayer losses; (2) federal regulators lacked sufficient authority and responsibility to enforce safety and soundness rules and require minimum capital based on GSE risk; and (3) the regulatory structure lacked sufficient independence from GSE and the markets they served to protect the government's interest in GSE. GAO believes that the GSE regulator needs to: (1) establish rules that clearly define regulatory expectations and promote the safe and sound accomplishment of GSE purposes; (2) monitor financial performance and compliance with regulations to provide an adequate understanding of GSE operations, condition, and potential risk; (3) timely enforce charter restrictions, regulations, and capital requirements; (4) levy assessments to cover oversight and supervision costs; (5) structure a single independent, prominent regulator; and (6) establish minimum capital standards based on the risks GSE undertake.
Nov 16, 2020
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Financial Audit:
Bureau of Consumer Financial Protection's FY 2020 and FY 2019 Financial StatementsGAO-21-174R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Federal Housing Finance Agency's FY 2020 and FY 2019 Financial StatementsGAO-21-201R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020. -
Financial Audit:
Securities and Exchange Commission's FY 2020 and FY 2019 Financial StatementsGAO-21-192R: Published: Nov 16, 2020. Publicly Released: Nov 16, 2020.
Nov 10, 2020
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Financial Audit:
IRS's FY 2020 and FY 2019 Financial StatementsGAO-21-162: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020. -
Financial Audit:
Office of Financial Stability's (Troubled Asset Relief Program) FY 2020 and FY 2019 Financial StatementsGAO-21-173R: Published: Nov 10, 2020. Publicly Released: Nov 10, 2020.
Nov 9, 2020
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Financial Audit:
Bureau of the Fiscal Service's FY 2020 and FY 2019 Schedules of Federal DebtGAO-21-124: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Nov 6, 2020
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FY 2020 Excise Tax:
Agreed-Upon Procedures Related to Distributions to Trust FundsGAO-21-163R: Published: Nov 6, 2020. Publicly Released: Nov 6, 2020.
Oct 13, 2020
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DOD Financial Management:
Continued Efforts Needed to Correct Material Weaknesses Identified in Financial Statement AuditsGAO-21-157: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Sep 30, 2020
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Financial Management:
DOD Needs to Implement Comprehensive Plans to Improve Its Systems EnvironmentGAO-20-252: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 9, 2020
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Defense Real Property:
DOD-Wide Strategy Needed to Address Control Issues and Improve Reliability of RecordsGAO-20-615: Published: Sep 9, 2020. Publicly Released: Sep 9, 2020.
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