Protiviti's latest edition of Global Financial Crisis Bulletin tracks new
concerns, including mortgage loan modifications and auto industry bailout
MENLO PARK, Calif., Feb. 4 /PRNewswire/ -- Nearly every day a new crop of
issues emerges in the evolving global financial crisis. To help companies keep
pace with these rapid changes, Protiviti, a global business consulting and
internal audit firm, has released the latest edition of its Global Financial
The Current Financial Crisis: Frequently Asked Questions (January 2009)
answers more than 90 important questions about such emerging issues as
mortgage loan modifications, the auto industry bailout, and the potential
impact of the new administration on the current economic situation. The
bulletin also includes updated information about issues addressed in prior
editions as well as an expanded timeline of events.
"This updated FAQ bulletin reflects the latest key questions and issues
our clients and business partners around the world have on their minds," said
Carol Beaumier, a Protiviti executive vice president and leader of Protiviti's
Global Financial Crisis Team. "The resolution of issues discussed in the
bulletin will have a very real impact on organizations across all sectors of
the economy, so it's critical for anyone in business to understand these
issues and their potential impact on the economy."
New and updated questions in The Current Financial Crisis: Frequently
Asked Questions include:
-- Why haven't loan modification efforts been more effective?
-- What is the outlook for the regulation of the credit default swap
-- Are banks tightening their underwriting standards?
-- What type of regulatory reform is being suggested to address the
-- Is the new administration likely to take a different approach from the
previous administration to resolving the economic crisis in the United
-- How significant is the impact of the automotive crisis in the United
-- How are governments outside of the U.S. responding to the automotive
-- How has the financial crisis affected the U.S. dollar's role as the
world's main reserve currency?
-- What is the magnitude of the actual economic stimulus packages from
countries around the globe?
"The financial crisis is truly global and many of the issues affecting
countries around the world are addressed in our new bulletin," said Joseph
Tarantino, president and CEO of Protiviti. "Protiviti is dedicated to the
delivery of practical thought leadership publications to help our clients
around the globe. As we update the financial crisis bulletins, we will
continue to make them available not only to our clients, but to the business
community at large."
The Current Financial Crisis: Frequently Asked Questions provides the
details businesses need to know about the crisis, from its root causes to the
legislative and regulatory actions taken to-date. To access a complimentary
copy of the new bulletin, please visit www.protiviti.com/economiccrisis.
Protiviti's Global Financial Crisis Team is a cross-disciplinary group
composed of seasoned professionals with deep industry, financial risk
management, regulatory, technology, restructuring and litigation support
experience. Coordinated by Protiviti's global industry and solutions leaders,
this strategic team provides clients with advice on responding to market
conditions, as well as updates on market and regulatory changes, and works
closely with the firm's client service teams to help clients deal successfully
with the unfolding global economic environment.
Protiviti (www.protiviti.com) is a global business consulting and
internal audit firm composed of experts specializing in risk, advisory and
transaction services. The firm helps solve problems in finance and
transactions, operations, technology, litigation, governance, risk, and
compliance. Protiviti's highly trained, results-oriented professionals provide
a unique perspective on a wide range of critical business issues for clients
in the Americas, Asia-Pacific, Europe and the Middle East.
Protiviti has more than 60 locations worldwide and is a wholly owned
subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948,
Robert Half International is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and
does not issue opinions on financial statements or offer attestation services.
For further information:
For further information: Kathy Keller of Protiviti, +1-650-234-6252,
firstname.lastname@example.org Web Site: http://www.protiviti.com