FBS I: The World’s Latest Attempt to Stop Banks from Blowing Up—Now with Real-Time Spreadsheets
When the world’s financial class starts speaking in three-letter acronyms, the rest of us brace for impact. FBS I—short for “Financial Balance Sheet Initiative, version 1”—sounds like an obscure software patch your bank’s IT department quietly installs at 3 a.m. while you dream of compound interest. In reality, it is the newest attempt by the…