New Protiviti Global Financial Crisis Bulletin details root causes along
with timelines of key events and government actions; includes insights,
commentary and recommended next steps applicable to all organizations
MENLO PARK, Calif., Oct. 24 /CNW/ -- As the current worldwide financial
crisis continues to evolve on a daily basis, Protiviti -- a global business
consulting and internal audit firm -- 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
Protiviti's 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.
For further information:
For further information: Kathy Keller, +1-650-234-6252,
firstname.lastname@example.org, for Protiviti Web Site: http://www.protiviti.com