TITLE

Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions and across System

PUB. DATE
May 2010
SOURCE
GAO Reports;5/6/2010, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article discusses the study by the U.S. Government Accountability Office (GAO) which highlights the need to improve federal leverage oversight at financial institutions as impacted by the financial crisis. It explores the possible impact of leveraging and deleveraging by financial institutions on the crisis, the limit of leverage buildup by financial regulators, and the regulatory approaches for restricting leverage. The recommendations of GAO to regulate financial market is also stated.
ACCESSION #
50738021

 

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