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GLG News Analyses of the following article:

Liquidity, Crime Woes Shake Up Chief Risk Officers

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Published at: www.cfo.com

Nitish Grover, Principal, Owner

Nitish GroverPrincipal, OwnerNitish Grover and Associates What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Accounting and Financial Risk in the Background of Declining Credit Availabilty

June 16, 2009

The current situation of non availability of credit is leading to a position where Chief Risk Officers and CFO's will have a difficult time in funds management, meeting profitability targets and running a business. Funds constraints  will make it difficult to extend credit to customers when financial institutions and creditors are making credit vanish. Such a situation may also lead to conditions where accounts may be stage managed simply to keep creditors at bay. In this analysis I look at the peculiar conditions which I expect to come to play in the coming years and suggest that better control systems need to be in place not just in organizations but also in the wide spread global capital village.

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