The International Banking Federation (IBFed) has appreciated the opportunity to participate in consultations on the development of the BCBS standards over the years to provide a perspective from the global banking industry. Over this time, we have shared our views on various proposals, taking into consideration their effects on banks, businesses, consumers and, by extension, regional and global economies, as well as financial stability. In the paper attached, we provide an overview and analysis of the current situation in regard to the implementation of the Basel 3 and Basel 3.1 standards across jurisdictions and the implications to the financial industry, markets and economies.
We appreciated the opportunity to discuss our paper with the BCBS on 14 May 2025. Overall, we support the Basel Committee’s commitment to maintaining the stability of the financial system but want to ensure that capital requirements are appropriately right-sized to ensure that economic growth is not hindered.