In 1999 an official panel he headed that investigated Swiss banks' handling of the accounts of Holocaust victims issued a report that was critical of the banks but did not recommend any changes in a settlement reached in 1998 (see Holocaust). Volcker was chairman of the International Accounting Standards Committee Foundation from 2000 to 2006 and, in the wake of the Enron bankruptcy, headed (2002) an independent oversight board at Arthur Andersen, the accounting firm that was responsible for auditing Enron. He also chaired (2004-5) the UN's investigation into wrongdoing in the UN oil-for-food program for Iraq. In 2009 President Barack Obama appointed Volcker as the head of the new Economy Recovery Advisory Board. Volcker is the author, with Toyoo Gyohten, of Changing Fortunes: The World's Money and the Threat to American Leadership (1992).
See biography by J. B. Treaster (2004); study by W. Greider (1988).