1Paul Chisnall is Director of the British Bankers’ Association. In Balance Sheet, Vol. 9 No. 1, we published a series of articles about the Joint Working Group’s proposals for new rules on the disclosure of the effects of financial instruments. It was the opening shot in efforts by standard‐setters around the world to create effective disclosure rules in the banking world. Paul Chisnall wrote in that issue of Balance Sheet on the initial views from the banking community. This article now provides the full and detailed response of the banking community.
