ABSTRACT

Financial Services Regulations: Status of GAO Recommendations to Enhance Regulatory Analyses and Interagency Coordination   [open pdf - 252KB]

From the Document: "The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provided for federal agencies to issue hundreds of regulations to implement the act's requirements. The act responded to the 2007-2009 financial crisis that disrupted the U.S. financial system and threatened the solvency of some large financial institutions and the health of the U.S. economy. Section 1573(a) of the Department of Defense and Full-Year Continuing Appropriations Act, 2011, amended the Dodd-Frank Act and required us to conduct an annual study of financial services regulations. We have previously issued eight reports under this mandate and have made a total of 37 recommendations to seven of the financial regulators, the Financial Stability Oversight Council (FSOC), the Office of Financial Research (OFR), and the Office of Management and Budget (OMB). This report describes the status of these recommendations, including information about recommendations that have not yet been fully implemented."

Report Number:
GAO-20-114R
Publisher:
Date:
2019-12-10
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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