US Government Accountability Office (GAO)

Kashkari details Tarp oversight plans

Assistant secretary for financial stability Neel Kashkari defended the US Treasury against accusations of poor oversight of the $700 billion Troubled Assets Relief (Tarp) programme in front of the House of Representatives' financial services committee…

Treasury called to account for Tarp

The US Treasury has failed to provide oversight of vital parts of its $700 billion Troubled Assets Relief Program (Tarp), according to a report issued today by the US Government Accountability Office (GAO).

SEC’s Atkins slams hedge fund rule again

Paul Atkins, a commissioner at the US Securities and Exchange Commission (SEC), has renewed his criticism of the regulator’s hedge fund registration rule – due to go into effect in February 2006.

GAO urges curbs on 'tying'

The General Accounting Office has recommended that bank regulators take additional measures to adequately enforce laws against the tying of commercial credit to more lucrative investment banking business, despite a lack of hard evidence to support…

Glass-Steagall and Dingell?

Congressman John D. Dingell, the indefatigable Democrat from Michigan, has embarked on a crusade against the practice of 'tying' – where banks use loans to secure further business.

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