# Professor Roy Smith comments on Goldman Sachs' recent move to offer its risk managers more autonomy

1 Faculty News March 13, 2017 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/bc-finreg-risk-reorganization-idUSKBN16M2UP) -- "[Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), professor of finance at New York University's Stern School of Business, and a former partner at Goldman Sachs, notes the new environment may require greater independence for those guarding large institutions. 'Maybe we need to make these guys a little bit more independent, particularly if they are challenging more than market risk,' says Smith."

[Read more](http://www.reuters.com/article/bc-finreg-risk-reorganization-idUSKBN16M2UP)