Most private banks are well equipped to meet these needs but other obstacles, including reputations, headline risks
of proprietary funds and a lack of recruiting advisors, will likely cloud efforts.
But for many audit committees today, these headline risks
are also driving a slower-moving--yet critically important--trend potentially impacting the audit committee's effectiveness: agenda overload.
A report released by Scott Wren, senior equity strategist at Wells Fargo Advisors, said that headline risks
are the type of risks that investors should be aware of.
We need to be cognisant of the fact that high gasoline prices and headline risks
can put a damper on consumer confidence and consumer spending.
Although further headline risks
on Cyprus and the Eurozone cannot be ruled out in the near term, risk reward for buying long end bonds has turned attractive at these levels, as witnessed by the return of some real money interest in buying the 15y bond triggered by 7.
With the IMF visit pushed back to May, there are few positive headline risks
in the pipeline in the very short term.
perceived headline risks
associated with ABCP (particularly its continued
Gold's recent move is apparently tied to investors cashing in to offset declines in riskier assets, while industrial metals such as copper are closely linked to headline risks
from Europe, which is a major market for China," Niimura said.
Many of the headline risks
affecting financial markets today are very hard to quantify in the short term.
Libyan oil is likely to be lost to the market for an extended period, tying up considerable amounts of replacement oil in much longer supply chains, and events in Nigeria, Iraq, Iran and Bahrain are likely to provide a continuing backdrop of headline risks
," they said.
Besides community banks with smaller capital bases and weaker financial profiles, some deposit-taking subsidiaries of foreign banks could also face deposit outflow pressure in accounts exceeding the $250,000 limit if parent banks face heavy economic, financial, or headline risks
in their home markets.
Some of that outstanding debt is insured by companies that guarantee interest payments will be made to investors on time, but even those bonds can be "affected by headline risks
," says Mousseau.