Stephen M. Quinlivan

Stephen M. Quinlivan

Stinson Leonard Street

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GAO Says FSOC Needs to Improve Transparency, Accountability, and Collaboration

In testimony before a Congressional subcommittee, a GAO representative noted FSOC still lacks a comprehensive, systematic approach to identify emerging threats to financial stability. In 2012, GAO reported that FSOC’s...more

9/19/2014 - FSOC GAO Risk Management Transparency

GAO Can’t Conclude Large Banks Have Lower Funding Costs Than Smaller Banks

The Government Accountability Office, or GAO, was asked to review the benefits that the largest bank holding companies (those with more than $500 billion in assets) have received from perceived government support. In...more

8/4/2014 - Bank Holding Company Banking Sector Banks Funding GAO

GAO Wants CFPB to Focus on Virtual Currencies

GAO issued a report discussing virtual currencies. One example of these is bitcoin, which was developed in 2009. Bitcoin and similar virtual currency systems operate over the Internet and use computer protocols and encryption...more

7/7/2014 - Bitcoins GAO Virtual Currency

GAO Says Commerce Department Has Not Complied With Conflict Minerals Obligations

The Government Accountability Office, or GAO, has issued a report noting the SEC issued a rule in 2012 requiring certain companies to disclose the source and chain of custody of necessary conflict minerals in their products....more

7/7/2014 - Compliance Conflict Mineral Rules GAO SEC U.S. Commerce Department

Government Watch Dogs Disagree On Analysis Associated With Dodd-Frank Rulemaking

The Dodd-Frank Act requires or authorizes various federal agencies to issue hundreds of rules to implement reforms intended to strengthen the financial services industry. As amended by Public Law No. 112-10, the act also...more

12/16/2013 - Dodd-Frank GAO OMB

GAO Issues Report On Agencies’ Efforts To Analyze And Coordinate Their Rules

GAO is required to annually study financial services regulations. GAO has issued a report that examines: the regulatory analyses federal agencies performed for rules issued pursuant to the Dodd-Frank Act; how the...more

12/27/2012 - Dodd-Frank GAO

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