Title:

Financial Markets Regulation : Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions and Across System, Report to Congressional Committees

PREVIOUS | NEXT

Financial Markets Regulation : Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions and Across System, Report to Congressional Committees

DATE: July 22, 2009

PART OF: AUTHORS:

ABSTRACT: The Emergency Economic Stabilization Act directed GAO to study the role of leverage in the current financial crisis and federal oversight of leverage. GAO's objectives were to review (1) how leveraging and deleveraging by financial institutions may have contributed to the crisis, (2) regulations adopted by federal financial regulators to limit leverage and how regulators oversee compliance with the regulations, and (3) any limitations the current crisis has revealed in regulatory approaches used to restrict leverage and regulatory proposals to address them. To meet these objectives, GAO built on its existing body of work, reviewed relevant laws and regulations and academic and other studies, and interviewed regulators and market participants.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

United States. General Accounting Office and United States. Government Accountability Office. "Financial Markets Regulation : Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions and Across System, Report to Congressional Committees" in GAO Reports & Testimonies (July 22, 2009). https://fraser.stlouisfed.org/title/6136/item/622225, accessed on May 17, 2024.

More Information
less

NOTE: GAO-09-739

On July 27, 2009, this report was revised to replace figure 6 on page 41 with the correct graphic.

PUBLISHER: United States. Government Accountability Office

PLACE: Washington

SUBJECTS: CLASSIFICATION:
  • sudocs: GA 1.13:GAO-09-739
IDENTIFIER:
  • oclc: 438199296
Metadata (XML)
Metadata (JSON)