German chancellor Angela Merkel is set to push international leaders to draw up a “world risk map” of global financial institutions to allow financial authorities to quickly identify future trouble spots.
Unveiling the findings of a government-commissioned expert panel on Friday Mrs Merkel also proposed the creation a central body to oversee credit ratings agencies, an international register of major loans and the better alignment of managers’ pay to discourage short-term risk taking.
My Comment: This is a good idea. There are numerous maps of the world that ranks conflicts and wars .... the same can be done for financial and economic risks.