The International Banking Federation (IBFed) was formed in 2004 to represent the combined views of its national banking associations.

The IBFed collectively represents more than 18,000 banks, including more than two thirds of the largest 1,000 banks in the world. IBFed member banks play a crucial role in supporting and promoting economic growth by managing worldwide assets of over 75 trillion Euros, by extending consumer and business credit of over 40 trillion Euros across the globe, and by collectively employing over 6 million people.  The IBFed represents every major financial centre and its members’ activities take place globally.

This worldwide reach enables the IBFed to function as a key international forum for considering regulatory and other issues of interest to the global banking industry.