Senior Finance Executives on the Current Financial Turmoil--A report prepared in collaboration with Towers Perrin

Sponsored By CFO Research Services

Topics:

Finance & Risk Management

Financial Crisis

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Abstract:

Just before the U.S. financial crisis began to pick up steam in late September, CFO Research fielded a survey to finance executives to gauge their thoughts on the financial turmoil. Our respondents were prescient about the global dimensions of the crisis, expecting it to spread to world markets in short order, but unclear about its duration. The majority of finance executives attributed the crisis to risk management practices at financial institutions and, to a lesser extent, the complexity of financial instruments. This report explores finance executives' concerns—particularly for financing and risk management—and what steps they might take as a result of the current turmoil.

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