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What Your Company Needs to Know About the Financial Crisis


Oct. 27, 2008 (SmartPros) As the worldwide financial crisis continues to evolve on a daily basis, Protiviti has issued the first edition of its Global Financial Crisis Bulletin to help companies better understand the situation, its root causes and pervasive impact within and beyond the financial services industry.



This edition, titled The Current Financial Crisis: Frequently Asked Questions, answers 50 of the most pressing questions on business executives’ minds today, ranging from the history of the crisis to legislative and regulatory actions taken to date.

"There is a seemingly infinite number of questions emerging about how the crisis developed and spread, how it is affecting financial institutions as well as other companies, what governments are doing to address the crisis, and what companies can do to secure their own futures," said Carol Beaumier, a Protiviti executive vice president and leader of Protiviti’s Financial Crisis Team. "While our bulletin does not address every aspect of the crisis, it provides a much needed foundation for executives trying to navigate their businesses through these volatile times."

The Current Financial Crisis: Frequently Asked Questions bulletin answers such questions as:

  • What has caused the meltdown in the financial services industry?
  • What are the estimates of the cost of the current crisis?
  • How widespread is the impact of the current financial crisis?
  • How does the current credit crisis compare to others we have seen?
  • How will the recently enacted U.S. legislation help address the current financial crisis?
  • Have there been any governmental actions directed at assisting companies outside of the financial services industry?
  • What additional steps can we expect regulators to take to deal with the current crisis or prevent such disruptions in the future?
  • What should companies be doing in the current environment?

Protiviti will publish future editions of its Global Financial Crisis Bulletin as further developments arise related to the financial crisis. To access a complimentary copy of the current bulletin, please visit www.protiviti.com/economiccrisis.

 

2008 SmartPros. All Rights Reserved.

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