What changed

Every change to Going Concern, newest first, as it reads from the desk: what is new, what moved and what it now does. The day is the day it went live. 6 days on record; the latest is 29 October 2026. SET on the desk links here.

29 October 2026

Finding your way. Every function on the bar now carries its plain name beside the code: CRED Lending, DEP Deposits, SEC Bond book. All functions, at the head of the row, opens every department and its functions on one page, with a line on what each one is, the last ones you used, and a search that understands plain words (savings, hire, bonds, regulator); a function you cannot open yet says why (opens after lesson 4, needs a mandate). G opens it from anywhere, and so do HELP and ALL on the command line. Whatever a pane opens, from the bar, a letter, a link or the palette, the bar turns to that department, and the pane's head says which department it is in. Each pane remembers what it showed before: Back in its head (or Alt+Left) returns to it.
The first day without the guided year is pointed out too. A ring on your first borrower in Decisions, then on the numbers that keep you alive (with Next), then on All functions, then on the clock; once the clock runs it leaves you alone for the rest of the career.
The guided first year points the way. Each lesson is now a few steps on the desk itself: an amber ring round the button to press, an arrow nodding at it, and a note beside it saying what to do and why. The department, then the function, then the control, then the clock; when you press it the ring flashes and moves on. A control scrolled out of sight gets a marker at the edge of the pane that takes you to it, the amount to buy on SEC is filled in with what the lesson still needs, and a number to keep an eye on gets a calm dashed ring. The rail shows how far the objective has come (deposits grown, officers hired, the bond book, rigour and CET1) as a bar that fills; on a phone the bar is in the note. POINTERS on the rail, or Pointers off in the note, switches it all off. Nothing moves with reduced motion switched on.

28 October 2026

A new look: Skyline. The desk is no longer a grey terminal. Every picture is a painting: the people, the head office at every size from the corner branch to the tower on the skyline, your home town in every market, the boardroom, the dealing room, the supervisor, the vault, the special editions and the crisis scenes, 110 paintings in one style of navy, amber and teal. The photographs of the decades become the same paintings in the colour of their time.
The window. Behind the desk is the view from your office over the city, and it lives with the bank: dawn over the first months of the year, daylight, dusk and night by the last; a storm with rain on the glass and lightning when a run starts or liquidity falls short, haze and drizzle when risk is building; cranes on the skyline as the bank grows, their red lights blinking; more lit windows as deposits grow; now and then an aircraft crossing. Every change eases in. Nothing moves with reduced motion switched on.
Glass panels and warmer paper. The panes are smoked glass over the city, with amber for what you can do, teal for information and better numbers and red for alarms; letters, memos and editions are warm stationery under a desk lamp.
Two new switches in SET. Paintings brings back the photographs, and Living window stills the view.
The window has depth. Sky, city and room move at different rates, clouds drift, and the city has weather of its own: snow in the winter months where it snows, steam from the rooftops on cold nights, dust in the lamp light by day, papers swept past the glass in a storm, and a shower of gold over the city when a month closes with a record profit. Building risk turns the city grey and misty; the storm is kept for a real crisis. On a low battery the window holds still.
The desk moves too. The vitals and the figures on HOME count to their new values at a month close, green or red by direction; a decision you make is stamped APPROVED or DECLINED on its paper; letters unfold when opened and an envelope marks a new one; the paintings drift slowly.
Faces that react. Many of the people now have a concerned and a pleased face: bad news comes from a grave face, good news from a pleased one. The rest of the cast follows.
Fixes. On a phone, closing the decisions sheet no longer opens the sign-up page; the letter's fields, the handbook links and SET's sections are a thumb's size; text keeps its contrast when the window shows dawn or day; SET's sections no longer overlap. The pictures load as AVIF where the browser can, which is a third smaller.

20 October 2026

The desk on an iPhone. The pane is the screen: a top bar with the bank, one play and pause, the date that opens the clock and its speeds, a search that opens the palette and the decisions as a badge; the vitals in one row you swipe and fold under the bank's name; the lesson or the goal on one line you tap open; and the departments with their functions as a tab bar at the bottom, in thumb reach. The decisions slide up as a sheet from the badge, one pane is in view with the other a tap away, and held sideways the queue stands beside the pane. Every control is a thumb's size, fields no longer make Safari zoom, the keyboard no longer hides the field you type in, a tap opens the formula behind a number, and nothing sits under the notch or the home indicator. The sound starts on the first tap; a private window plays without failing and SET says the career will not be kept; Add to Home Screen gives Going Concern its own icon and opens it full screen; Keep the Annals says it opens the phone's print sheet.
Special editions can be turned off. SET has a switch; off, every edition is still written and kept on NEWS.
Every person has their own face. No two named people in a career share a photograph, and each keeps theirs for the whole career.
A smaller download for game sites. The HTML5 bundle is 5 MB instead of 18 MB; its photographs are re-encoded for the bundle only.
The desk ages with the decades. A career that starts in 1995 opens on a desk of its time: photographs printed like grainy black and white film, a teleprinter for a ticker, letters received by fax on fax paper and calls taken by telephone. The 2000s bring email, a wire in amber on black and warmer photographs; the 2010s the platform; the 2020s secure messages, board meetings as video call invitations and cool, clean photographs. The dealing room, the boardroom, the supervisor, the exchange, the branch and your home city change with the years, and the command line says when the bank moves on. Your leadership stays the same people.
Your head office and your town age too. The head office has a photograph of its time at every size, from the small branch on the corner to the skyline, in the 1990s, the 2000s and the 2020s; your home town changes with the decades in every market, from the lobster shacks of Maine and the quay at Whitby to the cutters of East Frisia, Rapperswil from the air, the estates of Jurong and the dunes at Hvide Sande; the supervisor moves into stone and glass, and the 1990s machine room is a tape library.
Moments that stop the desk. The day it matters, your market's own paper prints a special edition over the whole desk: the masthead, a large photograph, the headline and two columns about your bank, written from your numbers, your leadership and your chief rival. It comes once each for the first year in profit, the first billion in assets and every power of ten after, the first annual loss, the first bank run and its end, systemic designation, the first licence abroad, the first acquisition, a resignation from your leadership, a rival failing, a rating raised to A or cut below investment grade, entering and leaving the world's top three, and the sale or takeover of your bank. The clock stops while it is open; Return to the desk, Esc or Enter puts it away.
Special editions kept. NEWS lists every special edition under Special editions, each one there to read again.
The Annals. Every year end writes a page of the bank's history: the year's photograph, a short account of what happened, the key numbers with their charts, the five events that mattered most, what The Ledger wrote, and who joined and who left the leadership and the board. ANNALS (DESK) shows a spine of years and the year on paper.
An annual report every year, and an epilogue at the end. Each January the Chair sends the annual report: a cover, a letter that names your actual choices of the year (the files decided against the Risk recommendation, a dividend under a memorandum, a rescue issue, an offer refused), your own review, the key figures, the board and the leadership, and the auditor's opinion. When a career ends, the notice says where everyone is ten years on, and Keep the Annals prints the whole chronicle on A4 or saves it as a PDF.
Stories that run for decades. After the first year, five people come into your career and stay: a family firm in your town that asks for its first loan and grows with the bank or fails at the wrong moment, then passes to the next generation; a reporter at The Ledger who covers you for years and one day breaks a story about you; the supervisor's case officer who carries your file, rises to head of supervision and writes a last letter from your record; an employee who raises a concern in confidence; and your chief rival's chief executive, from a lunch to a crisis where one of you can rescue the other, a merger approach and retirement. Each chapter is a letter or a file on the credit desk with real choices, and every one is remembered.
STORY. A new function in the DESK department shows each story, its people with their photographs, the chapters so far, what is open and how each one ended. The reporter's articles lead The Ledger's issue.
The stories keep to the facts. HOME lists the stories waiting on you, each with the person's face, what is open and a way to STORY. When you buy your chief rival's bank through the story, the rivalry on RIVAL ends with it, and after a merger the rival recommended, that chief executive joins your bank as a colleague and writes no more. When the family firm cannot pay its loan, the story turns to it: restructure, ask the family to sell, or call the loan, and what follows comes from that choice. The supervisor's fit-and-proper question after the whistleblower is the same letter the leadership already knows, and your answer goes on the record once.
The great years are scenes. Six weekends and weeks of the record now play out on the desk when your career reaches them: the hedge fund weekend of 1998, the week after 11 September, the weekend before the large failure of 2008 in your market's own version (the run on a mortgage bank in Britain, the Swiss rescue, Denmark's Bank Package, the second Hypo weekend in Germany, the structured notes in Singapore), the euro crisis of 2011, the lockdown week of 2020 and the regional bank run of 2023. The clock stops; a scene clock moves hour by hour through calls, letters, screens and meetings with your leadership, your supervisor, your central bank, a client and your chief rival, and each decision shows its cost in numbers and a deadline in scene time.
The classic game reads like the desk. SejrBank at /banking/ now writes in the house style: no emoji in the mail, on the windows or in the menus, no dashes as punctuation, no exclamation marks and no cheering. Mail subjects say what happened ("Counterparty default", "Bid defeated", "Stage 2 of 7 complete"), the clock shows ► and ❚❚, an open workspace ■, a medal its name, and percentages in the lessons come through the game's own formatter. Sejrby, Jutland, the Danish names and the kroner stay where they were.
What you decide is done. A draw on the central bank's facility, a sale of the bond book, a deposit rate, a bid for a failing bank, state capital or a share issue, the state guarantee, tighter lending, the dividend or a statement to the market: each goes through the bank's own functions and onto the record your leadership quotes. Monday's paper names what you did; SCENES lists the six and replays any you have played, and so does The Ledger's letter after each. Never in the guided first year.
The desk on a phone. On a phone or a tablet held upright the strip shows the bank and the decisions, the clock with all six buttons, and the seven vitals whole in a row you swipe sideways; no pane scrolls sideways any more, because a wide table (the products on CRED, the funding stack, the maturity ladder) scrolls inside its own box with its first column held; the tiles sit in two columns; the decisions, the palette, the keyboard sheet, the special editions, the scenes, the ending and the letter of appointment fill the screen with a margin and scroll; and every button a thumb presses in the strip, the bar, the queue and a dialog is at least 40 pixels high. Nothing changes on a laptop or a desktop.
Basel III arrives as it did, market by market. The new rules start in 2013 in Switzerland and Singapore, in 2014 in the euro area, Denmark and the UK, and in 2015 in the United States, and they phase in on each market's own calendar: the CET1 minimum from 3.5% to 4.5% under Basel (the UK and Switzerland at 4.5% from the first day, Singapore at 6.5% with total capital at 10%), the conservation buffer a quarter a year from 2016 to 2019 (in full from the start in Switzerland), the systemic buffers alongside, the liquidity coverage ratio from 60% or 80% in 2015 to 100% by 2017, 2018 or 2019, and the net stable funding ratio from 2018 in Singapore, mid 2021 in the euro area, Denmark, Switzerland and the United States, and 2022 in the UK. Each step comes with a letter six months ahead; CAP shows the stack at this year's values with next January beside it, and LIQ shows the ratio against this year's requirement, the steps to come and the date the NSFR binds.
Two more great years, and weekends that answer back. A career from 1988 now meets the early 1990s in its own market: the autumn of 1992 in Denmark, with the krone defended at Nationalbanken's rates, a failing provincial bank and the debate on a guarantee like Sweden's; the weekend Bank of New Englande failed in the United States; the week the pound left the ERM; the Swiss regional bank closures of 1991; a lighter September 1992 in Germany (Singapore has none). A career that began before 2015 meets the morning the SNB let the franc go, strongest in Switzerland, with the krone's peg and the farmers' franc loans in Denmark and the ECB's bond buying in the euro area. Your answers now change what comes next: drawing on the facility brings a call from the central bank, a bid brings the meeting on paying for it, a no to the supervisor brings your rival's board, a statement the figures do not back brings the paper's correspondent. The Handbook's new article, The weekends, tells what really happened in each market and what each decision does here; the Monday paper and SCENES link to it.

19 October 2026

Every market reads as its own. The board signs in English for the whole career, the activist fund and the currency in the loss letter belong to your market, the 2015 interchange letter names the local rule, and the classic appointment no longer names a Danish town.
Today's run. A third way in on the appointment letter: the same bank, the same year and the same seed for everyone today, with its own table in the league. HOME and the ending say which day's run it is.
Seeds and three careers. Every career has a seed you can see, copy and share as a link that fills in the letter, so a world can be played again or by someone else. Three careers are kept side by side in the browser, listed on the letter and on SET with Continue and Delete; the career you were playing is slot 1.
One design for the whole desk. Every size and colour on the desk now comes from one set, so panes, dialogs and documents line up; the faintest text is easier to read, the credit memorandum is a paper document, and on a large display the desk grows with the screen instead of shrinking into a corner.
The desk by keyboard. Every control shows where the focus is; Tab reaches the departments and the functions, the arrows move along them, Enter opens, decision cards open from the keyboard, F6 moves between the panes, and screen readers hear new decisions and new lessons without reading the whole desk every month.
Diagnostics. If you accept statistics, the desk now sends a short report when it hits an error, and records the decisions you take, so what breaks gets fixed and what is too hard gets seen. SET shows whether diagnostics are on, follows your consent, and has a button to send a test report.
The leadership remembers. Your Chair, CFO, Treasurer, Chief Risk Officer, General Counsel and Head of HR are named people who keep a record of what you did: files approved or declined against the Risk recommendation, dismissals, refusals of the supervisor, a memorandum, missed targets, a rate cut during a run, what you told the market. They quote it in their letters, grow loyal, tired or leaving, and act on it: a CRO overruled five times in a year resigns and the acting successor scores worse for a year, a tired Treasurer is quoted wider, a tired Chair weighs a bad year more heavily, HR's mood reaches morale, and Counsel will not sign a disclosure after a misleading statement. OPS shows the six with their faces and what each remembers.
The past comes back. The supervisor recalls an old memorandum, a borrower you declined returns with a larger request, The Ledger runs an archive piece on a past decision, a director reads from the minutes at the general meeting, a rival approaches the executive you tired out, and the supervisor asks about a past dismissal when you appoint someone senior. The ending's months that decided it now name what is on the record.
The formula behind every number. Rest the pointer on a vital in the strip, a tile, a line of the ALCO pack or the credit memorandum, and after a moment a card shows how the number is made: the formula in words and symbols, today's inputs, the result, and a link to the Handbook article. F takes the keyboard into the numbers, Tab steps between them, Enter opens the article.
A new appointment: the regional run, 2021 to 2023. The United States, January 2021: deposits swollen by the pandemic, parked in seven-year paper held to maturity, a third of them above the insured limit. The rates rise, a larger regional lender fails in March 2023, and the supervisor writes. Reach 1 January 2024 with capital, liquidity and the hidden loss inside the board's three lines for a win. On the appointment letter under the year, and on the challenge list.
The terms of an appointment on the desk. An appointment with an end date shows it on the goal rail with the first test not yet met, and its ending is a notice that sets out each test against its line.
Rivals you can read. Every rival bank follows one of five strategies (the Raider, the Hoarder, the Mutual, the Fintech, the Universal) and moves each quarter: its loan and deposit pricing, its appetite to lend, its branches, a deposit campaign or a stake. The moves show in the rivals' rates on CRED and DEP, in your deposits and loan demand where you compete, in the league and on the exchange, and one line goes to The Ledger.
How to read them. RIVAL now opens with each rival in your markets and the bank above you in the league: its strategy, its tells and numbers, its last four moves, its likely next move with a confidence, and what beats it. When your shares are cheap, the stake builder is a named Raider. A new Handbook chapter, Reading the rivals.
Your chief rival is from your market. The rival chief executive who writes to you now runs one of your market's own banks, a Raider at home and abroad and a Universal at the national level, from Penobscot Trust in Maine to Tai Lee Finance in Jurong, with a photograph, a voice of their own and letters about your city, your supervisor and your currency. On RIVAL they sit in their bank's card, with the race, the head to head and their own words, and the storm warnings and the bank run now speak your market's language too.
The rules change as you grow. The late game is not just bigger: a bank that reaches a tenth of the domestic deposit market is designated systemic, with its own buffer, a resolution plan the board must approve and more bail-in debt to place on FUND; Basel III final, climate stress, negative rates, the app-only challengers and instant payments with open banking arrive on each jurisdiction's own dates, each with a letter six months ahead.
See the rulebook. CAP stacks the capital requirement by name with your CET1 against it and what is coming; REG lists every regime and its date; DEP, LIQ, IT, CRED and PAY show the regime that bites there; the Handbook has a chapter on each rule and what it simplifies.
A lighter desk. The month closes with about half the work it took to redraw the panes, a pane whose figures did not change is not drawn again, and with the clock stopped a click in one pane no longer redraws the other. Nothing on the desk looks or plays differently.
The seizure has a picture you can read. The ending for a bank taken by the supervisor shows a closed sign on the door, where the metal shutters used to turn into stripes under the paper's halftone.
Plainer goals. A mandate goal on the rail now says what to do, in order: for example, grow total assets to the size a Treasury Desk needs, then set it up on ORG, with assets now against assets needed and OPEN on the pane where the work is done.
The bank's own letters, in the house voice and the home market. The letters from the desks, the supervisor, the board and the wire read like colleagues: no pictures in the subjects, URGENT: or Attention: where it is serious, plain punctuation, and "No findings." at the end of a clean inspection. Outside Denmark they now name your own town, council, paper, parliament and currency, and every amount is in your currency: no more Sejrby, Børsen or kroner in an American, British or Singaporean career.
Your own town. The calls in a career outside Denmark no longer come from Sejrby: the factory in trouble, the council, the mayor's son, the shirt sponsor, the fisherman's engine, the union and the milestones in the paper now come from your own town and country (Harbor County and its commissioners in the United States, Whitby and its town council in the United Kingdom, Norden in Germany, Rapperswil in Switzerland, Jurong in Singapore), the supervisor writes under its own name, and the amounts are in your currency. A Danish career keeps Sejrby.

18 October 2026

One goal always on screen. After the first year the rail keeps one standing goal: a supervisory measure to cure with its deadline, else the board's target against the year, else the next mandate's missing card, else the next league place, with OPEN and the pane to act in. HOME repeats it.
Sound. One scale, one timbre, off by default: a tick for the month, a chime for a cleared lesson or a granted mandate, a low tone for a breach, paper for a letter, a click for the bar, and two figures for the endings. Volume and mute on SET; M mutes.
Motion and states. A short rise when a pane changes function, a card arriving, a vital that moved, the rail when the lesson changes; none of it with reduced motion. A pane that fails to draw says so with RETRY and the rest of the desk goes on; empty panes say what will appear there and which action brings it.
Icons. A drawn set, one weight, in place of the typographic symbols: on the department tabs, the queue, the clock, the mail and the locks.
Keyboard and the palette. Alt+1 to Alt+8 switch departments; Ctrl+K opens a palette that searches functions, handbook articles, people and mandates with a Recent list; ? shows every shortcut.
Trade-offs before you click. Credit decisions show income, expected loss, CET1 after and the sector share after before the buttons; mail actions show their effect or say it is uncertain; irreversible actions confirm with the numbers; UNDO restores the last policy change within the month.
Charts in the house style. Every chart drawn the same way, with a crosshair that reads the value and the date; CHART gains CET1 against the requirement, LCR, NIM, cost of risk, deposits against loans and price to book.
Why it ended. Every ending notice now says plainly whether it was a WIN, a LOSS or a DRAW, and why: the deciding measure against the line (CET1 against the requirement, the liquidity coverage ratio against 100%, board confidence against the floor, the losses, the share price against book for a takeover), the month the line was first crossed, the three months in the last two years where that measure moved most and what the correspondence says happened then, and in one sentence what would have avoided it. Retirement and a sale say what made them, and are now the same notice on paper as the other endings. The result card of a fixed term carries the section too.
This record. A changelog players can read, at /changelog and from SET.
The guide rail. The guided first year is the primary button on the appointment letter, and the lesson sits on the desk: a rail under the bar names the lesson and what to do, opens the function on the left and the letter on the right, tags the pane and lights the code. Each cleared stage opens the next. Without the guided year the rail shows one line on the first day and then goes away.
Navigation by department. The function bar is eight departments a banker knows (BANK, LENDING, FUNDING, CONTROL, OPERATIONS, GROWTH, MARKETS, DESK) with the active department's codes beneath, and a pinned row of HOME, MAIL and the four functions you open most. A function the board has not yet mandated is dimmed with a lock and still opens, to print the gate; a function the first year has not reached is not shown. A red dot on a department means a vital there is bad. HELP lists by department. The command line still opens anything.
The people are photographs. Every person on the desk has a press portrait, chosen by the name so the same name is always the same face. The borrower's trade is on the credit memorandum as a photograph, and fifteen more panes have one at their head. The drawn people are gone.
Pictures from the world. Photographs in the desk's amber duotone at the head of HQ, OPS, MAP, XCH, BOARD, REG, FUND, DEP, BR, RATE and LIQ, on the appointment letter, in The Ledger and on the ending notice. Credits on /about and under every photograph.
More real. The street outside the head office with the hour, the season, the weather and the traffic; the office as a room with the people at their desks. The exchange (XCH): stakes in listed rivals with brokerage and impact, disclosure at 10%, the 30% rule that sends an offer to MNA, a 4% dividend each January, the monthly mark, and a raider who builds a stake in your bank when the shares trade below 0.7 times book for six months.
More pictures. The footprint as an engraved world map (MAP) with licensed markets lit; the cross-section of the building on HQ; the annual report as a document with the building on the cover and the chair's statement (AR); the paper's halftone photograph; the boardroom with five named directors and the activist; crests and letterheads on the supervisor's and the agencies' letters; the ending as a framed portrait with a plaque; medals on past appointments.
The head office. The building drawn as a night elevation that grows with the bank, from a branch to a skyline, with windows lit by the staff, a flag per market, a crane while works run and scaffolding when the systems fall behind, on HOME and on HQ with the floors and the people. Portraits for the roster, the applicants, the credit officers, the chair and the mail; seals for institutions.
The site is Going Concern. sejrbank.com's homepage is the new game, with the desk's own screenshots and a live sandbox; the appointments, 2008, teaching, about and how-it-works pages are rewritten; the learn articles point at the desk; /play goes to /desk. The old game stays at /banking/.
The Liquidity leftovers. Handbook interactives (a loan's cost, a loan's life, the tranche split, the till against a run) and hover previews on every cross-reference. The recoveries desk finished: files arrive through a three-month arrears window, can cure, halve with age, restructure once only, and end by settlement, lawsuit or repossession. The deal's eligibility rules, placement floors and certificate of expected loss with a put-back. A notch of lenience from an agency after three clean paid years. Notice periods by rank and headhunting at a rival. The paper carries your own adverts. Rivals' rates on every credit product. The workstation layout (LAYOUT, or SET): the panes and the queue as floating windows.
Mandates and the first year. Seven mandates gated on your bank's own record, with requirement cards that say "at this rate, {date}" and can be pinned to the strip; open-book exams of eight questions, each pointing at its Handbook chapter, six to pass; gates on wholesale borrowing, senior placements, hedging, securitisation, licences abroad, AT1, internal models and buybacks. The leadership team speaks in seven voices. The guided first year in the CFO's, the Treasurer's and the CRO's voices over CRED, DEP, OPS, LIQ, CAP, REG and the first exam. The desk names itself.
Ratings, markets, board, investors, people. Three rating agencies with temperaments pricing your funding desk off the median published grade; the macro calendar with consensus, actual and surprise; the earnings call as a transcript whose tone moves consensus; reputation in two channels and brand from footprint and engagements; staff as people with adverts, CVs, hidden skill, quarterly reports, fair pay, morale, poaching and severance; The Ledger as a monthly issue with a front page, a conduct column, public notices to tender for and classifieds; the board pack as a document and the April general meeting with five resolutions; change of control as an application decided in two to four months; the rights issue at a discount.
Credit. Products per book with a grade floor, an LTV cap, a ticket cap and a fee; the desk settles routine files under junior and senior authority and refers the rest with a reason; officers as people with a hidden skill; the credit memorandum as a document; stages and provisions; sector and large-exposure limits; the recoveries desk with tenders to three named purchasers, forbearance and the collector who one day makes a headline; securitisation as a lifecycle with a register and a waterfall.
Capital and the supervisor. The capital stack (CET1, AT1, Tier 2); the regimes by year and jurisdiction with the conservation, countercyclical and systemic buffers and the Pillar 2 add-on; the buffer ladder (a call, a direction at six months, a memorandum at twelve, formal warnings after) with the maximum distributable amount rationing dividends, buybacks and AT1 coupons; the annual review (CAMELS in the United States, SREP elsewhere from 2014) with a letter on file; the ICAAP; IRB permission; prompt corrective action and the leverage ratio in the United States; the AT1 trigger; the resolution note on the ending.
The hidden loss. The loss on held-to-maturity paper that the accounts do not show leaks into the uninsured money, lights the fuse of a run and is realised on every sale; liquidity counts paper at what it fetches.
Funding and the balance sheet. The funding stack as instruments with maturities, calls and auto-rolls; the placement book with eight named accounts answering over days; the central bank's facility ladder with forced draws, the drip and the stigma; the securities book by level and by class; deposit products with tenor, notice and fee against the rivals' rate table; the ALM pack with the stack, the ladder and the rate shocks; HOME ranked by what matters; the Handbook with its first nine articles and the LCR sandbox; BOOST.
Jurisdictions. Six at launch: the United States, the United Kingdom, the euro area, Switzerland, Singapore and Norway, each with the real policy rate, cycle and macro series from 1988, its regulators by year, its deposit insurance, its home currency on every number, and near-miss competitors that fail on schedule.

17 October 2026

The desk. Going Concern begins: a terminal over the SejrBank engine at /desk, with the command line of function codes, two panes, the decisions queue, the status strip with seven vitals, the ticker, documents rendered as paper and the appointment letter in place of the old intro. The spec is published in the repository.
SejrBank preserved. The old game as it stood on 17 October 2026 is kept, unchanged, at /banking/.