View from the Tower


Boston financial consultancy TowerGroup is forecasting an increase in buy-side IT spending for 2004. Rob Hegarty, vice-president of securities and investments at the firm, expects risk management systems to account for a sizeable chunk of that spending. He talks with Stewart Eisenhart about rising interest in enterprise-wide risk management, the need for self-regulation in the financial services industry, and whether risk management outsourcing will catch on.

Given that the industry is expect