Sunday 30, October 2011 by
Extreme risk planning
Sovereign default has risen four places to second position in Towers Watson's ranking of the top 15 extreme risks while Depression retains the top position and hyperinflation moves to third. The company's ranking categorises events that would have a high impact on global economic growth and asset returns if they occurred and incorporates the degree of certainty in assessing the risk. The bottom three in the ranking are the end of fiat money, infrastructure failure (replacing a major global conflict which has moved up in the ranking) and a killer pandemic.
