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The Editors

Memo to Regulators: About That Early-Warning System

Seven years after the 2008 financial crisis, global regulators are still flying blind.
Time to get it working.

Time to get it working.

Source: Fox Photos/Getty Images

When markets plummet as they did in recent days, regulators need the answer to a crucial question: How many of the world's banks, hedge funds and other financial institutions might be in danger?

Regulators have had since the 2008 financial crisis to figure out how to gather the information. They've done a lot of work -- but they still don't know the answer.