ABSTRACT

Priority Open Recommendations: Federal Deposit Insurance Corporation, April 20, 2020   [open pdf - 285KB]

From the Document: "The purpose of this letter is to provide an update on the overall status of the Federal Deposit Insurance Corporation's (FDIC) implementation of GAO's [Government Accountability Office] recommendations and to call your personal attention to areas where open recommendations should be given high priority. In November 2019, we reported that on a government-wide basis, 77 percent of our recommendations made 4 years ago were implemented. FDIC's implementation rate for these recommendations was 96 percent. As of February 2020, FDIC had seven open recommendations. Fully implementing these open recommendations could significantly improve FDIC's efforts to more effectively oversee risks to consumers and the safety and soundness of the U.S. banking system[.]"

Report Number:
GAO-20-498PR
Publisher:
Date:
2020-04-20
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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