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Effective controls over information systems are essential to ensuring the protection of financial and personnel information and the security and reliability of bank examination data maintained bythe Federal Deposit Insurance Corporation (FDIC).
GAO reviewed information systems general controls in the calendar year 2001 financial statement audits of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund, Savings Association Insurance Fund, and Federal Savings and Loan Insurance Corporation Resolution Fund.
Capacity problems and other disruptions at the securities and options exchanges have caused processing delays within the U.S. securities markets in recent years. These exchanges and clearing organizations have also been concerned about unwarranted access by hackers and other unauthorized users.