The risk monitor

As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel

Goldman Sachs’ risk team is not known for its fondness of publicity. Against this backdrop of secrecy, Gerald Corrigan, co-chairman of Goldman’s firm-wide risk committee in New York, cuts an especially enigmatic figure. Nevertheless, he has a habit of popping up at the frontline of efforts to deal with many of the major financial crises of recent times. As chairman of the Federal Reserve Bank of New York, Corrigan had to handle market turmoil prompted by the silver market bubble of