GAO highlights access issues

WASHINGTON, DC – US financial regulators still face challenges in accessing and sharing information relevant to their oversight responsibilities, according to the US General Accounting Office (GAO), the audit and investigative arm of the US Congress.

In its report, released in late June, the GAO says financial regulators face challenges including access to criminal history data, regulatory enforcement actions, and consumer complaints.

"Specifically," the report says, "we found that many state insurance regulators, unlike their counterparts in the banking and securities industries, continue to lack legal authority to access the FBI's nationwide criminal history data."

In fact, only 16 state insurance departments have such authority. This

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here