Resolution Trust Corporation:
Status of Real Estate Owned Management System
IMTEC-92-36BR: Published: Mar 5, 1992. Publicly Released: Mar 5, 1992.
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Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) development of the Real Estate Owned Management System (REOMS), a RTC-wide system to support the management and sale of real estate assets formerly held by failed thrifts.
GAO found that RTC: (1) can not fully use REOMS because of system limitations that do not adequately support its information needs regarding asset management, financial management, and real estate asset sales; (2) continues to have incomplete and inconsistent real estate records because it has not ensured that REOMS has complete and accurate real estate data; and (3) lacks a strong project management structure, and has not clearly specified the lines of authority and responsibility for critical system development decisions. GAO also found that, to address REOMS problems, RTC has: (1) transferred systems development responsibilities to another division to place more emphasis on systems development and increase user involvement; (2) designated a REOMS project manager to be accountable for future system enhancements; and (3) formed user groups to provide more input about systems development.
Jan 28, 2021
Macroprudential Oversight:
Principles for Evaluating Policies to Assess and Mitigate Risks to Financial System StabilityGAO-21-230SP: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
Dec 16, 2020
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Financial Stability:
Agencies Have Not Found Leveraged Lending to Significantly Threaten Stability but Remain Cautious Amid PandemicGAO-21-167: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 10, 2020
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Federal Reserve Lending Programs:
Use of CARES Act-Supported Programs Has Been Limited and Flow of Credit Has Generally ImprovedGAO-21-180: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020. -
Financial Assistance:
Lessons Learned from CARES Act Loan Program for Aviation and Other Eligible BusinessesGAO-21-198: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020.
Sep 22, 2020
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Anti-Money Laundering:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act VariedGAO-20-574: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
Sep 4, 2020
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Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
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Financial Company Bankruptcies:
Congress and Regulators Have Updated Resolution Planning RequirementsGAO-20-608R: Published: Jul 21, 2020. Publicly Released: Jul 21, 2020.
Jul 6, 2020
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Public Companies:
Disclosure of Environmental, Social, and Governance Factors and Options to Enhance ThemGAO-20-530: Published: Jul 2, 2020. Publicly Released: Jul 6, 2020.
Apr 30, 2020
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Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-20-499PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
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