The International Banking Federation (IBFed) published a paper providing an overview and analysis of how Basel III and Basel 3.1 standards are being implemented across jurisdictions and the resulting implications for the financial industry, markets and economies. The paper reflects IBFed’s long-running participation in Basel Committee on Banking Supervision (BCBS) consultations, focusing on the effects of proposals on banks, businesses and consumers, as well as wider economic outcomes and financial stability. IBFed discussed the paper with the BCBS on 14 May 2025 and reiterates support for the BCBS’s financial stability objectives while arguing that capital requirements should be appropriately right-sized to avoid hindering economic growth.