Category: Articles & Publications

COMPLIANCE WATCH: Risk Management Seen As Gaining Influence

Dow Jones Newswire, November 21, 2008

In an article about the evolving importance and increasing scope of risk management in the financial sector, Guy F. Talarico,, CEO of Alaric Compliance Services LLC, noted that many of his hedge funds and funds of funds clients have taken the step of appointing chief risk officers.

He explained that this allows for “an end-to-end review of all functions and activity in firms now being rolled up into an overall risk management section.” He stated that “[c]entralizing risk management is becoming especially critical at large firms, where a myriad of unexpected problems could occur across operational components, trade settlement activities and other areas.”

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