Democrats join effort to relax US banking rules | Economists tip US inflation to turn back upward | Analysis: Bubble threat could be Powell's first challenge as Fed chairman
January 17, 2018
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Risk Management and Insurance
Democrats join effort to relax US banking rules
The odds that Republicans will roll back parts of the Dodd-Frank Act this session are improving now that several Democrats support the effort. A Senate bill to relax a variety of rules for banks has 11 Democratic co-sponsors.
The New York Times (free-article access for SmartBrief readers) (1/15) 
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Economists tip US inflation to turn back upward
The US inflation rate has defied expectations and remained persistently low, but a number of economists assert it may be about to rebound this year, approaching or breaching the 2% target. A strong economy, relatively light regulation, the lowest unemployment level in 17 years, announcements of pay rises by large employers and the raising of the minimum wage in numerous states are among the factors named as upward propellants.
Bloomberg (free registration) (1/16) 
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Analysis: Bubble threat could be Powell's first challenge as Fed chairman
Analysis: Bubble threat could be Powell's first challenge as Fed chairman
Powell (Alex Wong/Getty Images)
Record-high stock and property prices are raising the specter of possible asset bubbles, which could complicate monetary policy for Jerome Powell, who has been nominated to replace Janet Yellen as head of the Federal Reserve. While the financial system is better protected from losses than it was before the crisis, the Fed has little room to move on interest rates, leaving Powell with difficult trade-offs, according to this analysis.
The Wall Street Journal (tiered subscription model) (1/10) 
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Cybersecurity
Study: Banks struggle to find IT talent
A Capgemini study finds 76% of financial institutions have established IT positions during the past two years, but companies report difficulty finding talent. Companies most want a consultant for information security or privacy, a chief digital officer or a chief digital information officer, and a data architect.
The Financial Brand (1/16) 
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Government Regulation
House subcommittee studies ways to revamp Fed
The House Subcommittee on Monetary Policy and Trade has discussed proposals to overhaul the Federal Reserve. Topics include the way regional presidents are appointed and a blackout period for public communication by the Federal Open Market Committee.
Financial Regulation News (1/15) 
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Innovation
How blockchain will make over the financial institutions sector
Aon Risk Solutions Financial Institutions Practice Leader Jacqueline Quintal discusses the anticipated impacts of bitcoin, other cryptocurrencies, initial coin offerings and blockchain, the underlying technology behind them. She writes that using this emerging technology can ultimately reduce infrastructure costs for banks by billions each year.
LinkedIn (1/11) 
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BofA posts nearly 68M Zelle transactions for 2017
BofA posts nearly 68M Zelle transactions for 2017
(Davis Turner/Getty Images)
Bank of America customers made almost 68 million transactions last year through payment platform Zelle, up 84% compared with 2016. Zelle has almost 3 million active users from BofA, which says thousands more come on board daily.
American Banker online (free content) (1/12) 
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News from Aon
How to build a reputation as a top employer
Studies suggest an average of 75% to 80% of people "prefer to work for a company known for its social responsibility." To attract and retain top talent, organizations have to work harder than ever to build employer brands that differentiate their organization from those competing for the same top-tier talent. Becoming a more diverse and socially responsible employer is not just about attractiveness to employees -- it is also a question of competitiveness in the marketplace. Read more.
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Findings from the 2018 Global Medical Trend Rates Survey
The 2018 Global Medical Trend Rates Survey was conducted across 98 countries in which Aon brokers, administers or advises clients on employer-sponsored medical plans. The survey results highlight the medical trend expectations shared by Aon experts, clients and carriers in each country. Join our Aon experts on Wednesday, Jan. 24, as they discuss the findings from the survey and the potential impact to your business. Register.
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About Aon Financial Institutions
The Aon Financial Institutions Practice develops risk transfer and consulting solutions for a wide range of businesses including banks, insurance companies, asset managers and diversified investment and finance firms. Our experts draw on deep experience in developing products involving management and professional liability, property and casualty, cyber, operational and enterprise risk management, environmental liability, employee benefits, and transactional solutions. These solutions help clients build a tailored risk management program that empowers results for their organizations.

Contact Aon
Aon Financial Institutions
Jacqueline Quintal | Managing Director
Financial Institutions Practice Leader
t. 212.441.2339
jacqueline.quintal@aon.com
www.aon.com

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About Aon
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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