US GAO finds federal banking agencies actively participated in standard-setting bodies
( November 5, 2026, 18:05 GMT | Official Statement) -- MLex Summary: A report by the US Government Accountability Office found that the US Federal Deposit Insurance Corporation, Federal Reserve System and Office of the Comptroller of the Currency helped develop financial standards by participating in international standard-setting bodies, such as the Basel Committee on Banking Supervision. The GAO said that the banking agencies also conduct joint work with or provide technical assistance to certain bodies in which they are not members.See attached file....
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