GCD's Mission is to help banks understand and model credit risks. The comprehensive data pools are collected over a decade and distributed back to members for their own research and modelling.

 

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GCD is a unique data consortium that owns banks internal data for both PD and LGD. GCD’s data pools support the key parameters of banks’ credit risk modelling: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD).

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GCD’s library gives access to wide variety of publications on risk related topics. Global Credit Data members work together to analyse the data and discuss methodology issues. GCD has published numerous papers and is actively promoting academic research on the data collected.

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Members not only benefit from exclusive rights and access to credit databases and analytics, but also from knowledge and research facilitation possible via the unique industry association.

Through a variety of forums such as workshops, webinars and surveys, GCD is an active industry participant facilitating the discussion in key strategic areas.

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Global Credit Data collects raw data from its members and distributes it back to them for use in their own analysis and modelling. GCD supports its members by providing a flexible high-end tool on the data pool: the GCD Visual Analyzer. Member banks can create dynamic Reference Data Sets and generate instant views on the data.

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European GCD Conference Stockholm June 2018

Global Credit Data's European conference 2018 was hosted by SEB at their new offices and conference centre in Stockholm, near the Friends Arena and Mall of Scandinavia. Topics on the agenda:  The proposed Basel IRB changes IFRS9 alignment amongst banks Experience of the EBA stress test The use of GCD data by members Benchmarking PD, LGD, EAD Default definition adjustment: How does it affect banks? TRIM  CLICK HERE for more impressions of the conference.  You can find the material below (in either one zip-file or each individual presentation on its own)      Contact person:Philip Winckle Location:Stockholm, Sweden

General Meeting of Members June 2018

The Board of Global Credit Data hereby gives notice to members of a General Meeting to be held on 21 June 2018 at 1400 Central European Time. The meeting is to be held electronically, as allowed under Article 32a of the Articles of Association. The business to be discussed at the meeting shall include: 1.      Approval of minutes of the General Meeting held in June 2017 2.      Approval of minutes of the General Meeting held in February 2018 3.      Review of the Annual Report of Activities 4.      Approval of the 2017 Financial Statements 5.      Release of Directors from liability 6.      Annual Appointment of Auditors for 2018 7.      Approval of 2019 budget* including contracts therein 8.      Election of Board Members Delegates of Members wishing to put forward further items for discussion at this meeting are requested to contact the Executive Director as soon as possible.  If the above remains as the agenda then we anticipate a meeting of approximately 2 hours. In order to pass resolutions, GCD needs at least 50% of members to attend or vote at the meeting and needs a >50% majority of votes in favour of any resolution.  Members not wishing or able to attend are requested […]

Webinar on CECL methodological survey 2018

At the moment, GCD is running a CECL Methodology survey sponsored by Global Credit Data, the IIF and Accenture. The survey is intended to provide comparative information on bank’s planned methodologies for implementation of CECL. The questions are focused on credit data and modeling for the C&I CRE and Consumer portfolios. We plan to follow the survey with a benchmarking exercise to commence in the early fall. We expect to provide a summary report and analysis to participants by mid-August. In addition, the anonymized data can be made available so that banks can conduct their own analysis. The survey was designed to be completed in less than 40 minutes. Respondents will be able to choose from a menu of methodologies. We received substantial input by leading practitioners to ensure that questions where relevant and methodology choices comprehensive. The deadline for completion of the survey is July 31, 2018 To participate, please use this link: https://www.globalcreditdata.com/lms/index.php/183655?newtest=Y   We also hold a webinar to review the survey and answer any of your questions. The meeting details are as follows:   Date: Thursday, June 21 at 1100 am EST Meeting number: 950 110 775 Password: CECL   The link to the meeting: https://pecdc.webex.com/pecdc/j.php?MTID=ma512b38fe3d9c616b9681fcab9953250   Join by phone +1 631 […]

LGD Subcommittee meeting #4/2018

GCD LGD Subcommittee meeting #4/2018 Tuesday, July 3, 2018 3:00 pm  |  Europe Summer Time (Amsterdam, GMT+02:00)  |  1 hr 30 mins   GCD LGD Subcommittee meeting #4/2018 Contact person:Erik Rustenburg Location:webex Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/07/lgd_subcommittee_material_03_july_2018_v1.pdf

PD Subcommittee #4/2018: Status submission cycle

Main Focus: Review submission cycle Outlook new data fields Review Peer comparison reports See attached agenda for more information (including login details)   Contact person:Daniela Thakkar Location:Webex call

BP Subcommittee #3/2018

Agenda will be available in advance August 2nd 2018 Time: 10:00am EST (Toronto/New York Time), 16:00 CET (Amsterdam Time) Join from PC, Mac, Linux, iOS or Android: https://globalcreditdata.zoom.us/j/546977651 Or iPhone one-tap :     US: +19294362866,,546977651#  or +16699006833,,546977651#  Or Telephone:     Dial(for higher quality, dial a number based on your current location):          US: +1 929 436 2866  or +1 669 900 6833          Canada: +1 647 558 0588          Australia: +61 (0) 8 7150 1149  or +61 (0) 2 8015 2088          Netherlands: +31 (0) 20 241 0288      Meeting ID: 546 977 651     International numbers available: https://zoom.us/u/dZ4MRlzjh Contact person:Hale Tatar Location:Web Conference call

Kick-off new Focus Group on “Bank-internal Economic Risk and Performance Measurement within Basel 2 – Pillar 2”

Member discussion group by web/phone, plus breakout sessions in conferences.  GCD focus groups are run by members and cover topics of interest to members, so the focus may move during the discussions.   Chaired by:  Robbin Tops and Raphael Keller of UBS have offered to chair the focus group   Content:  All Financial institutions need to measure the risks that the institution is running.  •   Regulators require quite rigid risk measurement through Basel Pillar 1 models and stress tests (CCAR in the US) •   CFOs and auditors require expected loss modelling in accordance with their rules of IFRS9 and CECL However the bank needs to have their own view on risk, an internal risk assessment is usually measured using an economic view. For Basel purposes, these models are run as an alternative internal measure of performance and required capital. This process is described  within Pillar 2 of the Basel Accord Economic Capital modelling gives the Board and Management a tool to steer the business and their particular risk mix (risk they deem material) and ensure that the bank has sufficient capital and earnings cushions to cover future downturns. All aspects of internal risk measurement within Pillar 2 will be open for discussion, […]

Kick-off new Focus group on “Bank-internal Economic Risk and Performance Measurement within Basel 2 – Pillar 2”

Member discussion group by web/phone, plus breakout sessions in conferences.  GCD focus groups are run by members and cover topics of interest to members, so the focus may move during the discussions.   Chaired by:  Robbin Tops and Raphael Keller of UBS have offered to chair the focus group   Content:  All Financial institutions need to measure the risks that the institution is running.  •   Regulators require quite rigid risk measurement through Basel Pillar 1 models and stress tests (CCAR in the US) •   CFOs and auditors require expected loss modelling in accordance with their rules of IFRS9 and CECL However the bank needs to have their own view on risk, an internal risk assessment is usually measured using an economic view. For Basel purposes, these models are run as an alternative internal measure of performance and required capital. This process is described  within Pillar 2 of the Basel Accord Economic Capital modelling gives the Board and Management a tool to steer the business and their particular risk mix (risk they deem material) and ensure that the bank has sufficient capital and earnings cushions to cover future downturns. All aspects of internal risk measurement within Pillar 2 will be open for discussion, […]

LGD Subcommittee Meeting #5/2018

Agenda will be available in advance August 28th 2018 Time: 15:00-16:30 CET (Amsterdam Time) Join from PC, Mac, Linux, iOS or Android: https://globalcreditdata.zoom.us/j/953551362 Or iPhone one-tap :     US: +16699006833,,953551362#  or +19294362866,,953551362# Or Telephone:     Dial(for higher quality, dial a number based on your current location):         US: +1 669 900 6833  or +1 929 436 2866     Meeting ID: 953 551 362     International numbers available: https://zoom.us/u/bSW1mt8bZ Location:Web Conference call (Zoom) Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/08/lgd_subcommittee_material_28_august_2018_v2.pdf

North American Conference New York September 2018

Global Credit Data's North American conference 2018 was hosted by Citibank. The two day conference had been a mix of plenary presentations and breakout sessions: Member banks have presented different approaches on how to deal with the challenges credit risk modelling is currently facing when it comes to modelling LGD, EaD and PD for various purposes within a bank. Participants had also the chance to see Analytics presentations on the GCD data and engage in our "Peer Discussion sessions". Click here for further impressions.  The detailed agenda and the presentations can be found at the bottom of this page (also downloadable in just one zip-file --> click on last link).    Contact person:Hale Tatar Location:New York, USA Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/09/agenda_gcd_conference_2018_nyc_v20180920.pdf

LGD Subcommittee #6/2018

Agenda will be available in advance October 23rd 2018 Time: 15:00-16:30 CET (Amsterdam Time)   Join from PC, Mac, Linux, iOS or Android: https://globalcreditdata.zoom.us/j/496804628 Or iPhone one-tap :     US: +16699006833,,496804628#  or +19294362866,,496804628# Or Telephone:     Dial(for higher quality, dial a number based on your current location):         US: +1 669 900 6833  or +1 929 436 2866     Meeting ID: 496 804 628     International numbers available: https://zoom.us/u/ad7VZeg2Om Location:Web Conference call (Zoom) Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/10/lgd_subcommittee_material_23_october_2018_v1.pdf