The Government Accountability Office’s (GAO) recent assessment of policies and procedures federal banking examiners have followed since 2009 in supervising depository institutions and for identifying and communicating supervisory concerns largely have been effective despite inconsistencies in certain respects.
Although GAO found that regulators generally have seen positive results from implementing post-crisis supervisory practices, there are similar issues among all three agencies pertaining to communicating and tracking deficiencies.
Learn more details about GAO’s recommendations.