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.
Mar 22, 2018
Financial Technology:
Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory OversightGAO-18-254: Published: Mar 22, 2018. Publicly Released: Mar 22, 2018.-
Climate-Related Risks:
SEC Has Taken Steps to Clarify Disclosure RequirementsGAO-18-188: Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
Mar 16, 2018
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Community Reinvestment Act:
Options for Treasury to Consider to Encourage Services and Small-Dollar Loans When Reviewing FrameworkGAO-18-244: Published: Feb 14, 2018. Publicly Released: Mar 16, 2018.
Mar 15, 2018
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Commercial Real Estate Lending:
Banks Potentially Face Increased Risk; Regulators Generally Are Assessing Banks' Risk Management PracticesGAO-18-245: Published: Mar 15, 2018. Publicly Released: Mar 15, 2018.
Feb 27, 2018
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Analyzing Regulatory Burden:
Policies and Analyses under the Regulatory Flexibility Act and Retrospective Reviews Could Be ImprovedGAO-18-404T: Published: Feb 27, 2018. Publicly Released: Feb 27, 2018. -
Community Banks and Credit Unions:
Regulators Could Take Additional Steps to Address Compliance BurdensGAO-18-213: Published: Feb 13, 2018. Publicly Released: Feb 27, 2018.
Feb 26, 2018
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Bank Secrecy Act:
Derisking along the Southwest Border Highlights Need for Regulators to Enhance Retrospective ReviewsGAO-18-263: Published: Feb 26, 2018. Publicly Released: Feb 26, 2018.
Jan 30, 2018
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Financial Services Regulations:
Procedures for Reviews under Regulatory Flexibility Act Need to Be EnhancedGAO-18-256: Published: Jan 30, 2018. Publicly Released: Jan 30, 2018.
Dec 8, 2017
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Financial Services Industry:
Trends in Management Representation of Minorities and Women and Diversity Practices, 2007-2015GAO-18-64: Published: Nov 8, 2017. Publicly Released: Dec 8, 2017.
Dec 7, 2017
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Office of Financial Research:
Observations on GAO Access to Information on Programs and ActivitiesGAO-18-255T: Published: Dec 7, 2017. Publicly Released: Dec 7, 2017.
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