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How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.

SSA final rule on advance designation of rep payees

The Social Security Administration has published [85 FR 7661] a final rule with amendments to its regulations providing for the designation of representative payees. The revisions, which will become effective February 25, 2020, specify the information Social Security beneficiaries and applicants must provide to designate individuals as possible representative payees in advance of the SSA's determination that the beneficiary needs a representative payee. The rule also sets forth how the SSA will consider an individual's advance designation when selecting a representative payee.

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