Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
GAO issues recommendations on leveraging rules
WASHINGTON (5/10/10)—The Government Accountability Office (GAO) Friday released results of a 2009 study of the role of leverage in the recent financial crisis and federal oversight of leverage. The results focus on three areas:
* How leveraging and de-leveraging by financial institutions may have contributed to the crisis; * How federal financial regulators limit the buildup of leverage; and * Limitations the crisis has revealed in regulatory approaches used to restrict leverage and regulatory proposals to address them.
The GAO made two recommendations. First, it backed the merit of establishing systemwide leverage oversight to a single regulator. Second, the GAO recommended that as Federal bank regulators assess the extent to which reforms under Basel II, the new risk-based capital framework, would address “risk evaluation and regulatory oversight concerns associated with advanced modeling approaches used for capital adequacy purposes.” Use the resource link to read the report.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
22 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago