RTC:
Asset Management Systems
IMTEC-93-9R: Published: Oct 28, 1992. Publicly Released: Oct 28, 1992.
Additional Materials:
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GAO provided information on the Resolution Trust Corporation's (RTC) management and use of three critical automated asset systems since the recent restructuring of its field operations. GAO noted that: (1) RTC has modified its Real Estate Owned Management System (REOMS) so that it now better meets the information and reporting needs of its corporate and field offices in the management and sale of real estate assets; (2) RTC terminated corporate-wide development of its Loans and Other Assets Inventory System because of a greater emphasis on its loan securitization program; (3) RTC has begun to modify the Asset Manager System (AMS) to more efficiently account for the income and expenses of asset manager contractors, calculate their management and disposition fees, and control the electronic funds transfers between RTC and its asset managers; (4) as of January, 1992, REOMS data included property records that were incomplete and inconsistent; (5) RTC does not have a corporate-wide program to improve the data integrity of the ad hoc field office loan systems and contractor loan servicing systems it relies on to manage and sell its loan assets; and (6) until modifications are complete, AMS will likely continue to experience inadequate system interfaces between RTC and the asset managers to account for the contractors' income and expenses, insufficient security controls and reconciliation reports to ensure proper electronic funds transfers, and difficulty in calculating management and disposition fees for certain types of asset manager contracts.
Sep 22, 2020
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. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-20-498PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
Apr 21, 2020
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Priority Open Recommendations:
Securities and Exchange CommissionGAO-20-502PR: Published: Apr 14, 2020. Publicly Released: Apr 21, 2020.
Apr 20, 2020
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Terrorism Risk Insurance:
Market Is Stable but Treasury Could Strengthen Communications about Its ProcessesGAO-20-364: Published: Apr 20, 2020. Publicly Released: Apr 20, 2020. -
Terrorism Risk Insurance:
Program Changes Have Reduced Federal Fiscal ExposureGAO-20-348: Published: Apr 20, 2020. Publicly Released: Apr 20, 2020.
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