Analysts: Fed won't return to pre-crisis role | Auto-loan delinquencies reflect looser standards | White House not planning to break up big banks, Mnuchin says
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May 24, 2017
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Risk Management and Insurance
Analysts: Fed won't return to pre-crisis role
The Federal Reserve may find it difficult to retreat from its expanded influence over financial markets even as it works to scale back its stimulus, analysts say. Changes in money markets and regulations have made the Fed more integral to the industry, they say.
The Wall Street Journal (tiered subscription model) (5/21) 
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Auto-loan delinquencies reflect looser standards
Auto-loan delinquencies reflect looser lending standards
(Oli Scarff/Getty Images)
Auto-loan delinquencies increased to 3.82% in the first quarter from 3.52% in Q1 of 2016, according to the Federal Reserve Bank of New York. The increase comes despite high employment and low interest rates, indicating "there a subset of people that shouldn't have gotten loans," Standard Life economist Jeremy Lawson says.
The Wall Street Journal (tiered subscription model) (5/19) 
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White House not planning to break up big banks, Mnuchin says
Mnuchin opposes big bank breakup
Mnuchin (Tasos Katopodis/Getty Images)
The Trump administration has no plans to break up big banks, Treasury Secretary Steven Mnuchin told the Senate banking committee Thursday. Breaking up Wall Street's biggest banks would negatively affect liquidity and the economy, he said.
Bloomberg (5/18),  The Wall Street Journal (tiered subscription model) (5/18),  Financial Times (tiered subscription model) (5/18) 
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Cybersecurity
CIAB: Many firms not buying cyberinsurance, but takeup is increasing
Pricing for cyberinsurance is generally holding steady, and takeup for such coverage has risen, according to a survey by the Council of Insurance Agents & Brokers. "[T]he takeup rate among small and medium-sized enterprises (SMEs) is growing at a faster rate because clients are beginning to understand that cyber security threats affect all biasness," the executive summary says.
Business Insurance (tiered subscription model) (5/18) 
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Government Regulation
Regulators would restructure under Trump budget
The Consumer Financial Protection Bureau and the Securities and Exchange Commission would undergo restructuring under President Donald Trump's fiscal 2018 budget proposal, according to a document from the Office of Management and Budget. The OMB estimates the change would reduce the federal deficit by $195 million.
Reuters (5/23) 
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News from Aon
Webinar: Stroz Friedberg, an Aon company, presents "Are You Ready?"
Success demands resilience in the face of rapidly evolving cyberrisks. Digitization and connectivity drive cost efficiency, speed and better customer experience. These same trends also expose the enterprise to rapidly evolving cyberrisks. Join us at 11 a.m. Eastern on Tuesday, May 30, for the "Are You Ready?" webinar series, in which we will explore actionable ways for organizations to achieve cyberresilience. Register.
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"4 Lessons and 7 Questions From the WannaCry Ransomware Attack"
On May 12 we experienced one of the most widespread cyberattacks in history. WannaCry, a ransomware virus, hit computers in London, locking computer screens and demanding a ransom of up to $600 in bitcoin to unlock them. Businesses have consistently rated cyberthreats as one of top risks they face, and this most recent event reminds us why. "WannaCry's wormlike behavior and its ability to easily propagate across the organization make this a particularly dangerous strain of ransomware," says Ed Stroz, co-president of Stroz Friedberg, an Aon company. With cyberrisk on the rise and business interruption a growing concern, what key lessons can organizations learn from the WannaCry incident? Read more.
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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.

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Jackie Geiger, Practice Leader
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Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com.
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