United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2007-10-12 monographic deposited born digital 59 p. GA 1.13:GAO-08-32 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-32 P0b002ee18038839f f:d0832 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-08-32 machine generated eng fdlp REPORT GAOREPORTS-GAO-08-32 GAO-08-32 Bank management Banking law Banking regulation Federal regulations Federal reserve banks Financial institutions Financial management Internal controls Regulatory agencies Reporting requirements Securities regulation Other Written Product A77308 As the financial services industry has become increasingly concentrated in a number of large, internationally active firms offering an array of products and services, the adequacy of the U.S. financial regulatory system has been questioned. GAO has identified the need to modernize the financial regulatory system as a challenge to be addressed in the 21st century. This report, mandated by the Financial Services Regulatory Relief Act of 2006, discusses (1) measurements of regulatory costs and benefits and efforts to avoid excessive regulatory burden, (2) the challenges posed to financial regulators by trends in the industry, and (3) options to enhance the efficiency and effectiveness of the federal financial regulatory structure. GAO convened a Comptroller General's Forum (Forum) with supervisors and leading industry experts, reviewed regulatory agency policies, and summarized prior reports to meet these objectives. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-32/html/GAOREPORTS-GAO-08-32.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-32/pdf/GAOREPORTS-GAO-08-32.pdf GAO-08-32 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-32 Other Written Product GAO-08-32; Financial Regulation: Industry Trends Continue to Challenge the Federal Regulatory Structure; Bank management Banking law Banking regulation Federal regulations Federal reserve banks Financial institutions Financial management Internal controls Regulatory agencies Reporting requirements Securities regulation Volume 15 Page 272 15 Stat. 272 Volume 84 Page 1114 84 Stat. 1114 Volume 89 Page 1124 89 Stat. 1124 Volume 94 Page 132 Volume 94 Page 1164 94 Stat. 132 94 Stat. 1164 Volume 96 Page 1469 96 Stat. 1469 Volume 103 Page 183 103 Stat. 183 Volume 105 Page 2236 105 Stat. 2236 Volume 108 Page 2338 108 Stat. 2338 Volume 110 Page 3009-394 Volume 110 Page 3416 110 Stat. 3009-394 110 Stat. 3416 Volume 113 Page 1338 113 Stat. 1338 Volume 116 Page 745 116 Stat. 745 Volume 120 Page 4 Volume 120 Page 1966 120 Stat. 4 120 Stat. 1966 Public Law 96-354 Public Law 109-351