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Resolution Trust Corporation: Stronger Information Technology Leadership Needed

IMTEC-90-76 Published: Jul 23, 1990. Publicly Released: Jul 23, 1990.
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Highlights

Pursuant to a legislative requirement, GAO reviewed: (1) the adequacy of key components of the Resolution Trust Corporation's (RTC) information resources management (IRM); and (2) the RTC Oversight Board's role in reviewing current and planned use of information resources.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Oversight Board As part of its planned oversight of RTC IRM, the RTC Oversight Board should oversee RTC plans to strengthen its IRM leadership.
Closed – Implemented
RTC established an Office of Corporate Information on September 4, 1990. Most of the positions, including all key positions, for this office have since been staffed. The RTC Oversight Board believes that RTC IRM staffing is adequate to provide the needed IRM leadership.
Oversight Board As part of its planned oversight of RTC IRM, the RTC Oversight Board should oversee RTC plans to develop an IRM strategic plan.
Closed – Implemented
The Oversight Board has established a formal process to review and offer suggestions to RTC development and implementation of a strategic IRM plan. As part of this process, the Board also ensures that its recommendations are properly implemented.
Oversight Board As part of its planned oversight of RTC IRM, the RTC Oversight Board should oversee RTC plans to develop a systems architecture to help define the appropriate information technology to meet its information needs.
Closed – Implemented
The Oversight Board has established a formal process to review and offer suggestions to RTC development and implementation of a systems architecture. As part of this process, the Board also ensures that its recommendations are properly implemented.

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Topics

Information Management
AccountabilityIT acquisitionsBank failuresSoftwareInformation resources managementInsured commercial banksSavings and loan associationsStrategic information systems planningInformation resourcesInformation technology