On the 19 March, the Basel Committee published the results of its Basel III monitoring exercise. This study is based on rigorous reporting processes set up by the Committee to periodically review the implications of the Basel III standards for financial markets. A total of 210 banks participated in the current study, comprising 101 group one banks (i.e. those that have Tier 1 capital in excess of 3 billion and are internationally active) and 109 Group 2 banks (i.e. all other banks).