When it comes to how banks represent their positions in their financial reports, maybe we should move past fiancial reports?
Financial reports made sense at a time where the report was written down in paper but not necessarily today. We could let banks publically report all the positions they hold in a structured data format so that different software can summarize their positions differently depending on the needs.
Given that we give banks the insured deposists they could pay that back with more transparency.
When it comes to how banks represent their positions in their financial reports, maybe we should move past fiancial reports?
Financial reports made sense at a time where the report was written down in paper but not necessarily today. We could let banks publically report all the positions they hold in a structured data format so that different software can summarize their positions differently depending on the needs.
Given that we give banks the insured deposists they could pay that back with more transparency.