Results Act:
Observations on CFTC's Annual Performance Plan
T-GGD-99-10: Published: Oct 8, 1998. Publicly Released: Oct 8, 1998.
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GAO discussed the Commodity Futures Trading Commission's (CFTC) fiscal year (FY) 2000 annual performance plan, focusing on five areas in which CFTC could improve its performance plan.
GAO noted that: (1) the annual performance plans can be an invaluable tool for making policy decisions, improving program management, enhancing accountability, and communicating to both internal and external audiences on how the long-term strategic directions outlined in strategic plans are translated into the day-to-day activities of managers and staff; (2) successful implementation of a performance-based management system, as envisioned by the Government Performance and Results Act, represents a significant challenge requiring sustained agency attention; (3) while opportunities exist to improve CFTC's Year 2000 performance plan, actions to date clearly show a good faith effort by CFTC to comply with the Results Act and the Office of Management and Budget (OMB) guidance in developing its plan; (4) in GAO's discussions with CFTC staff, it found CFTC fully committed to meeting both the requirements of the Act and congressional expectations that the plan inform Congress and the public about CFTC performance goals, including how the agency will accomplish these goals and measure results; (5) in addition, the areas in which CFTC could improve its plan are the same areas in which GAO found that many other federal agencies, including federal financial regulators, could improve their plans; and (6) specifically, CFTC could improve its plan in the following five areas: (a) performance goals, measures, and targets could provide a clearer picture of intended performance; (b) mission, goals, and activities could be better connected to more fully demonstrate how CFTC will chart annual progress toward achieving its long-term strategic goals; (c) crosscutting efforts could be addressed more fully if CFTC worked with the affected federal agencies to develop performance goals and measures that reflect the nature and extent of their common efforts; (d) strategies and resources used to achieve goals could be discussed in greater detail to better enable congressional and other decisionmakers to judge their reasonableness; and (e) the means for verifying and validating that performance information is sufficiently complete, accurate, and consistent as well as the extent to which such information and the means for collecting, maintaining, and analyzing it are reliable should be discussed.
Jan 28, 2021
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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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