Government Support for Bank Holding Companies : Statutory Changes to Limit Future Support Are Not Yet Fully Implemented: Report to Congressional Requesters.

Government Support for Bank Holding Companies : Statutory Changes to Limit Future Support Are Not Yet Fully Implemented: Report to Congressional Requesters.

Description

" The federal government extended unprecedented support to financial institutions to stabilize financial markets during the financial crisis. While these actions helped to avert a more severe crisis, they raised questions about the appropriate scope of government safety nets for financial institutions. GAO was asked to review the benefits that large bank holding companies (those with more than $500 billion in assets) have received from actual and implied government support. This is the first of two reports GAO will issue on this topic. This report examines (1) actual government support for banks and bank holding companies during the financial crisis, and (2) recent statutory and regulatory changes related to government support for banks and bank holding companies. GAO reviewed relevant statutes, regulations, and agency documents; analyzed program transaction data; and interviewed regulators, representatives of financial institutions, and academics. In a second report to be issued in 2014, GAO will examine any funding or other economic advantages the largest bank holding companies have received as a result of implied government support. "


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Available Format

Details

Author(s)
U S Government Accountability Office
Format
Paperback | 108 pages
Dimensions
216 x 279 x 6mm | 268g
Publication date
04 Aug 2017
Publisher
Createspace Independent Publishing Platform
Language
English
ISBN10
1974183319
ISBN13
9781974183319