7  The results of the review of disclosures for open-end credit and the associated notice of proposed rule-making will be discussed at an open meeting of the Board of Governors on May 23, 2007. 4  BIS Review 50/2007  Of course, the information provided by even the best-designed disclosures can be useful only when it is well understood.
A large proportion of our staff is nowadays involved at various levels in the preparation of these decisions "taken in Frankfurt". The investment in resources is substantial, and so is the resulting enrichment of the job content of our employees. The second change concerns operational aspects. One of the Eurosystem's basic operating principles is a high degree of decentralisation.