Four out of Five CFOs Demand Greater Financial Services Transparency

According to newly released research, 81% of chief financial officers of multinational companies would like to see greater transparency in the expertise of banks and financial advisors. Demand for greater financial services transparency is fuelled by the fact that nearly one third (31%) of multinational companies anticipate 2001 being a busier year for mergers, acquisitions or fund raising than 2000, while a further 31% expect corporate activity to remain at the same high levels of 2000. With this increased activity, more than half (56%) of finance directors expect to have to manage relationships with an increasing roster of professional advisers over the next three years, as companies demand specialists in key areas.

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