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 […]

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, […]

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