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. 3 days on record; the latest is 19 October 2026. SET on the desk links here.

19 October 2026

• 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.
• 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.

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/.