As the credit crunch bites and the threat of recession looms, how should finance directors respond to what the Bank of England describes as the most challenging economic environment they have seen for a decade? How can FDs manage investment with less funds available, cope with shocks when there is less room to be flexible and still meet market and stakeholder expectations? And how can finance teams deal with the challenges that the current tough economic environment is sure to trigger, not least:

• Increased liquidity risk - of greater concern than ever when you cannot rely on your usual sources of funding.

• Increased operational risk – the pressure on businesses and individuals to perform increases significantly the risk of policies not being applied effectively.

• Lower investment budgets - yet business units are demanding better management information to apply resources most effectively when under pressure.

• The need for cost reduction - finance operations are under pressure to reduce costs. When were costs last benchmarked?

Click here to listen to our experts discuss these issues (broadcast on 30/1/07 and available in our archive).

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