Financial Regulatory Coordination: The Role and Functioning of the President's Working Group

Pursuant to a congressional request, GAO provided information on the role and functioning of the President's Working Group on Financial Markets, focusing on: (1) whether the issues listed for consideration by the Working Group in Executive Order 12631 have been considered; (2) what additional issues have been considered by the Working Group and how they were identified; and (3) the nature of coordination and cooperation within the Working Group and the views of members of Congress and Working Group participants about whether it needs to be formalized in statute.