US shutdown likely to continue through Thursday

US shutdown likely to continue through Thursday | Regulation, technology among top banking stories of 2018 | US consumer confidence plummets, putting economy in doubt Created for {EMAIL} | [Web Version]( January 2, 2019 [SIGN UP]( ⋅ [FORWARD]( [] Risk Management and Insurance [] [US shutdown likely to continue through Thursday]( The partial shutdown of the US government is expected to continue at least until Jan. 3, when Democrats officially take control of the House of Representatives. Rep. Nancy Pelosi, D-Calif., who is expected to become speaker of the House, said she will get legislation aimed at reopening the government passed when she picks up the gavel. [The Associated Press]( (12/28), [The Hill]( (12/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Regulation, technology among top banking stories of 2018]( Regulatory actions against banks and discussions of new technologies including artificial intelligence were among the top banking-related stories of 2018, according to American Banker. The rise in consumer debt topped the list. [American Banker online (free content)]( (12/30) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [US consumer confidence plummets, putting economy in doubt]( The Conference Board's consumer confidence index took its biggest monthly fall in December since July 2015, raising concerns that the US economy is headed into a downturn. The loss of confidence was largely driven by the view that jobs will soon become more difficult to find. [Reuters]( (12/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Big banks play cryptocurrency waiting game]( Bloomberg (tiered subscription model) (12/23) [] - [Investors scramble to pull cash out of mutual funds]( BloombergQuint (India) (tiered subscription model) (12/27) [] Government Regulation [] [Fed board will have 4 new voting members in 2019]( The Federal Open Market Committee will have four new voters in 2019 as the debate continues over interest rate increases. Three of the four new members have indicated they favor additional interest rate increases at present, while St. Louis Fed President James Bullard has said previously he opposes more increases and considers them risky to the economy. [The Wall Street Journal (tiered subscription model)]( (12/24) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Gould named chief counsel for OCC]( The former chief counsel to the US Senate Committee on Banking, Housing and Urban Affairs has joined the Office of the Comptroller of the Currency in the same capacity. Jonathan Gould began his job Monday and will also serve as senior deputy comptroller. [Law (tiered subscription model)]( (12/26) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Innovation [] [Analysis: Fintechs will create more bank products in 2019]( Fintechs will continue to offer banking products in 2019, and construction will begin on JPMorgan Chase's Palo Alto fintech facility, according to an analysis of the upcoming year. Wells Fargo CEO Tim Sloan will continue to lead the bank through some challenges, including the growth cap placed on the bank by the Federal Reserve. [The Business Journals (tiered subscription model)/San Francisco]( (12/27) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] News from Aon [] [Defining investments: trends in responsible investing]( Over the past few years, changes in demographics, regulations and the ways data are collected and interpreted have led to shifts in how large institutional investors choose how and where they allocate their funds. Increasingly, investors are looking at "responsible investing" to ensure that their money is being used for a greater good. Despite the growth, a significant obstacle remains: lack of a standard definition. A 2018 report from Aon aims to better categorize these so-called responsible investments to reflect the latest trends: an increasingly younger -- and female -- investor profile; new regulations; and the growing use of data to inform longer-term trends. [Read more here.]( [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Introducing the Aon Risk Reward Challenge]( The Aon Risk Reward Challenge is a unique, season-long competition stretching across the PGA TOUR and LPGA that highlights golf's best strategic decision makers. The concept is not only authentic to the sport, but it brings consistency to golf by delivering the same season-long competition format and prize money to both male and female players from each tour. Learn more about the Aon Risk Reward Challenge and our partnerships with the PGA and LPGA Tours [here](. [LinkedIn]( [Twitter]( [Facebook]( [Email]( Learn more about Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( [] [] There can be no happiness if the things we believe in are different from the things we do. Freya Stark, explorer and writer [LinkedIn]( [Twitter]( [Facebook]( [Email]( 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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