Volcano highlights challenges of regulatory risk management

Stranded BR experts will have had time to reflect on the stakes at play in managing air travel regulatory risks. No doubt there will soon be plenty of literature inspired by recent events. In the meantime, a leading editorial in this week's Economist outlines some of the issues, such as how to plan for such natural disaster risks, in this case how to set a safety level of volcanic ash. In summary asks the editor: "was all this chaos man-made—an immense and costly overreaction by regulators to a spectacle that posed only a minor and manageable risk?"