Global Credit Data

GCD Methcom Meeting #6/2020
2020-12-16 12:00 - 14:00 (Europe/Paris)
16 December 2020 12:00 to 14:00 CET

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+31 20 399 1246,,492892430# Netherlands, Amsterdam
Phone Conference ID: 492 892 430#
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Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/12/material_for_methcom_16_dec_2020.pdf https://www.globalcreditdata.org/wp-content/uploads/2020/12/item_6_1_gcd_dq_dashboard_2020_-_draft_for_validation_25nov2020_pswd.pdf https://www.globalcreditdata.org/wp-content/uploads/2020/12/item_7_0_geography_hierarchy.xlsx

BP Subcommittee #3/2020
2020-12-15 15:00 - 17:00
Benchmarking Platform subcommittee meeting Tuesday Dec 15th at 9AM EST / 3PM CEST

Location:
Zoom

PD submission cycle: information session
2020-12-01 15:45 - 2020-12-03 23:45
Contact person:
Olivier Plaetevoet

COVID-19 PD & Rating Portal: Submissions Now Open
2020-11-06 14:45 - 2020-12-31 00:00
The global effort to limit the spread of COVID-19 has had a profound effect on the world economy. Banks’ understanding of the pandemic’s impact on PD and ratings is still developing.
With the economic impact of the COVID-19 pandemic continually and rapidly evolving, banks’ credit risk teams need to adjust their models in step. In order to do this, they need to have the most up-to-date and relevant data to hand.
To support the industry in understanding the impact of these events on PD and ratings, GCD is executing a special COVID-19 run of its PD and Rating Platform.
Objective:
To give banks’ credit risk teams timely insight into the impact of the COVID-19 pandemic on PD and ratings in relation to their peers.
Downgrade Ratio and COVID-19 Crisis Scenarios

How to participate:

Contact Izelle Kirsten or Olivier Plaetevoet to register your interest
Submit unaggregated data, including asset class, country/geographic region, industry, rating category and PD for Q4 2019, Q1 2020, Q2 2020, Q3 2020

What you get in return:

At a time where uncertainty abounds, this earlier-than-usual run offers participants timely information on the economic impact of the pandemic. This provides critical insights for banks’ credit risk teams, enabling them to adjust their models based on confidential, high-quality, granular and anonymous data.

With this database, banks can enhance the backtesting, calibration and benchmarking of their internal PD models. In addition, member banks can directly compare their level of calibration and model accuracy with peers to gain further insights into the overall performance of their models.
Some use cases include:

Benchmark your PD masterscale
Benchmark your system’s discriminatory power
Identify macro-economic dependencies in default and migration data: extract a “systemic factor” from rating migrations or default rates
Benchmark your asset correlations and long term default rates
Benchmark your stage allocation / SICR buckets (thresholds for “lifetime PD” movements) under IFRS 9
Reduce uncertainty add-ons for lack of data

If you are interested in learning more, contact Olivier Plaetevoet.

Contact person:
Olivier Plaetevoet

GCD Methcom Meeting #5/2020
2020-10-27 12:00 - 14:00
Join Microsoft Teams Meeting
+31 20 399 1246 Netherlands, Amsterdam (Toll)
Conference ID: 951 774 70#
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Teams link
Location:
Teams

Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/10/methcom_material_27_october.pdf

PD Subcommittee #4/2020
2020-09-30 15:00 - 16:00
Dear members of the PD Subcommittee,
We also kindly invite you to our next PD Subcommittee meeting.
Please accept the attached ics-item to save the meeting in your agenda.
The slide deck will be shared before the meeting.
Meeting URL: https://globalcreditdata.zoom.us/j/95756607406
Meeting ID : 957 5660 7406
Best regards

Location:
Zoom Call

Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/09/gcd_pd_subcommittee_meeting_4_2020.ics

Register Now: North American Conference returns on September 9th – 10th
2020-09-09 08:00 - 2020-09-10 17:00
Location:
Web

LGD Subcommittee Meeting #4/2020
2020-08-28 15:00 - 16:00
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/92989897331
Meeting ID: 929 8989 7331
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Meeting ID: 929 8989 7331
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Location:
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2020 GCD Survey
2020-08-04 08:00 - 2020-08-28 17:00
Risk Modeling is more important than ever
The world is facing an uncertain time. Economic growth and/or recovery rates are uncertain, default rates are uncertain and the rate of credit losses on those defaults is uncertain.
Even the right way to model these risks is not certain.
This survey is designed to spark critical thinking and conversations within bank wholesale model development teams and to give them a unique insight into how their peers are set up, how they model risks and how they are adjusting to account for the Covid-19 pandemic.
In exchange for your response, you will receive the full anonymized results, providing critical context and insight to inform your thinking and discussions.
The sections of the survey include:

Section 1: Segmentation of Rating Models
Section 2: Rating Grades of PD Model
Section 3: Development and Implementation of Rating Models
Section 4: Model Performance
Section 5: Overlays
Section 6: Pandemic Related Questions
Section 7: Provision impacts (CECL /IFRS)

The survey will take approximately 30 minutes to complete.
Please take some time to complete the GCD 2020 survey and share your insight with us.
Survey 2020

2020 Survey : Question Refinements Session
2020-07-21 10:00 - 11:00
GCD would like to launch a industry wide survey.
The survey will run in July / August 2020. The survey have details on rating models in general, but also to deep dive into pandemic related questions, and how it will influence the modeling world.
This session is set up to refine the questions that will be posted in the survey.

Area
Time
Link

Australia

21 July, 11am
(GMT +10)

Join Zoom Meeting:
Meeting ID:
730 915 7896
Meeting URL:

https://globalcreditdata.zoom.us/j/7309157896

Europe/ Africa:

20 July, 1pm
(CET/CAT : GMT +2)

Join Zoom Meeting
Meeting ID:
730 915 7896
Meeting URL:

https://globalcreditdata.zoom.us/j/7309157896

America/ Canada

20 July, 10am
(GMT -4)

Join Microsoft Teams Meeting
+32 2 897 75 42
Belgium, Bruxelles/Brussels (Toll)
Conference ID: 838 878 187#

Dial:

US: +1 312 626 6799 or +1 346 248 7799 or +1 669 900 6833 or +1 929 436 2866 or +1 253 215 8782 or +1 301 715 8592

Meeting ID:

730 915 7896

Please peruse the attached questions and join us in the refinement session.

Document :https://www.globalcreditdata.org/library/2020-survey-refinements-session

Contact person:
Izelle Kirsten
Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/07/survey_questions_for_rating_models_gcd.docx

BP Subcommittee #2/2020
2020-07-08 16:00 - 17:00
Benchmarking Platform Subcommittee meeting
July 8th 10am EST / 4pm CET

Location:
Zoom

Business Use Cases of GCD data: Valuation of Non-Performing Loans (Part 2)
2020-07-03 15:00 - 16:00
After a successfull first part on June 12th, 2020 (recording available), we continue with the series of webinars on the business usage of GCD data:
Valuing NPL is the base for portfolio and capital management and requires to project ultimate recoveries using the best available data. The volume of legacy NPL on banks’ balance sheets will be augmented sensitively by the potentially hard recession that may result from the covid19 pandemic.
Burkhard Heppe from NPL Markets and Richard Crecel from Global Credit Data will zoom into a real live example on using GCD data in the NPL transaction market.
Please register here to get further information (material & recording).

Agenda:
1. Data and valuation expertise from Global Credit Data & NPL Markets
2. Covid-19 update and impact on bank loans
3. Valuation of illiquid corporate loans using GCD data
4. Challenges for performing and non-performing loans
5. A framework for valuing loans during a crisis

Login information:
Meeting URL: https://globalcreditdata.zoom.us/j/97552388808
Meeting ID: 975 5238 8808
International call-in numbers: Click here

General Meeting of Members June 2020
2020-06-29 14:00 - 16:00
The Board of Global Credit Data hereby gives notice to its members of a General Meeting to be held on 29 June 2020 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:

Approved Minutes of the General Meeting held in July 2019
Review of the 2019 Annual Report of Activities
Approval of the 2019 Financial Statements
Release of Directors from Liability
Annual Appointment of Auditors for 2020
Approval of 2021 budget including contracts therein
Publications of GCD material
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 (richard.crecel@globalcreditdata.org) as soon as possible.
As per Rules of Associations, the quorum in order to pass resolutions is at least 50% of members attending or voting at the meeting ; with a >50% majority of votes in favour of the resolution. Members not wishing or able to attend are requested to register their vote in advance.
If the above remains as the agenda, then we anticipate a meeting of approximately 2 hours.
In case all votes are received before the meeting, the results regarding resolutions passed and rejected will be shared in advance to the meeting, which may then be shortened.
By order of the Board of Directors
March 27th , 2020
Richard Crecel

Location:
Video Call

Webinar workshop on LGD modelling with GCD data
2020-06-16 15:00 - 17:00
Get hands on with LGD Modelling using LGD Data: Webinar workshop with FCG on a model building exercise
Philip Winckle is joined by modelling expert Thomas Aldheimer from FCG to walk through a joint GCD/FCG exercise in using GCD data to build LGD models. The modelling work was overseen and instructed by a GCD member working group and used GCD standard definitions to develop a range of models, with a focus on Machine Learning
The webinar will be in a workshop format with a focus on modelling methods, details and choices made, as well as detailed outcomes.
The event is scheduled on June 16th, 2020 from 3 pm to 5 pm CEST / 9 am to 11 am EST.
On the agenda:

Explore just how usable GCD data can be when building forward looking LGD models
Comparing drivers observed in the data to those normally used in the industry
Explore the additional benefits of using Machine Learning to enhance model predictiveness

This workshop will benefit both hands on modellers and model managers as well as people working with credit risk data who want to see how it is used in practice.
Please register here. In case of further questions, you can contact Daniela Thakkar.

Contact person:
Daniela Thakkar

LGD Subcommittee Meeting #3/2020
2020-06-16 14:00 - 15:00
———-
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/95530840735
Meeting ID: 955 3084 0735
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Meeting ID: 955 3084 0735
Find your local number: https://globalcreditdata.zoom.us/u/acBr08L2Cw
https://globalcreditdata.zoom.us/j/95530840735
Location:
https://globalcreditdata.zoom.us/j/95530840735

Business Use Cases of GCD Data: Valuation of Non-Performing Loans
2020-06-12 14:00
Valuing NPL is the base for portfolio and capital management and requires to project ultimate recoveries using the best available data. The volume of legacy NPL on banks’ balance sheets will be augmented sensitively by the potentially hard recession that may result from the covid19 pandemic.
Burkhard Heppe from NPL Markets and Richard Crecel from Global Credit Data will discuss the current situation of NPL buyers and sellers, the need for “bad loans banks” and how valuation platforms and a structured loan loss data collection can help in times of the Covid-19 crisis.
Please register here to get further information (material & login details).

///////////////////////////////////////
The topics:

Introduction to NPL Markets and the market for NPL
Impact of current crisis on bank loan defaults and recoveries
Different valuation types of NPL: hold or sell
Using GCD data for NPL valuations
Determine a break-even price for selling NPL
“Bad banks” – needed to overcome the crisis?

Login: https://globalcreditdata.zoom.us/j/95946679029
Meeting ID: 959 4667 9029
Alternatively by phone:

Germany: +49 69 7104 9922
Netherlands: +31 20 794 7345
France: +33 7 5678 4048
Italy: +39 069 480 6488
UK: +44 330 088 5830
Canada: +1 778 907 2071
US: +1 929 436 2866
Australia: +61 8 7150 1149

More international numbers

Share with Peers (Asia Pacific): best practices to address Covid-19 Impacts
2020-06-09 08:30 - 10:30
Online GCD member roundtable: Upgrading of Risk Models, Reduction of Portfolio Risk Exposures and Refining the Pandemic Stress Testing Framework
Contact Daniela Thakkar to get access to login details and to questions shared in advance.

Agenda:

A – COVID-19 lockdown: is re-opening driving markets now?

Pandemic/macro-economic outlook – to date
Initial and next government policy responses, supervisory guidance for prudential/accounting metrics (Reg Cap, ECL)
Economic and financial transmission mechanisms
Dislocation/Recovery for key sectors : Healthcare, Manufacturing, Supply Chain, Trade Finance, Transportation, Aviation, Oil, Retail Trade, Hospitality, Travel, Entertainment

B – KNOWLEDGE ROUNDTABLE:
1. Risk Measurement and Modelling Assumption in Crisis/Re-Opening Context

​Governmental support and defaulted obligors: postponed regulatory compliance?
Upgrading of risk models, Re-examination of assumptions built in risk models
Down-turn impacts on recovery processes
Regulatory guidance to addressing procyclicality during this crisis
2. Banks’ actions on portfolio and balance sheet management

Active portfolio and balance-sheet management: selling of underperforming assets
Mobilization of collaterals with central banks
Restructurings, Additional drawings

3. Refining the pandemic stress testing framework

Pandemic scenario: incorporating epidemiology and infection spread assessments, anticipation of shutdown measures
Quantify pandemic scenario’s impact on portfolio relevant economic/financial drivers
Model conditional rating transition matrices to project impact of economic/financial drivers on banks’ portfolios or segments
Quantify NPL from stressed risk profile
Quantify DT Losses

Contact person:
daniela.thakkar@globalcreditdata.org
Location:
Zoom

Identifying economic downturn, estimating downturn LGD, considering the impact of COVID19 on LGD and CCF
2020-05-28 15:00
Susanne Roehrig (EBA) is providing further clarity with regards to implementing EBA’s Downturn RTS / Guidelines in light of the Covid-19 pandemic.

The slides of the presentation can be downloaded here.

Implementation challenges of EBA's Downturn LGD RTS / Guidelines
2020-05-28 14:00
Global Credit Data organized a closed-door (online) GCD member roundtable on the implementation of the EBA Downturn LGD Guidelines / RTS, with specific questions relevant to international banks with a broad organization, wide geographic reach and multiple business cycles.

Share with Peers: best practices to address Covid-19 Impacts
2020-05-22 15:00 - 16:30
Online GCD member roundtable: Upgrading of Risk Models, Reduction of Portfolio Risk Exposures and Refining the Pandemic Stress Testing Framework
Please register here to get access to login details and to questions shared in advance.

Agenda:

A – COVID-19 lockdown: is re-opening driving markets now?

Pandemic/macro-economic outlook – to date
Initial and next government policy responses, supervisory guidance for prudential/accounting metrics (Reg Cap, ECL)
Economic and financial transmission mechanisms
Dislocation/Recovery for key sectors : Healthcare, Manufacturing, Supply Chain, Trade Finance, Transportation, Aviation, Oil, Retail Trade, Hospitality, Travel, Entertainment

B – KNOWLEDGE ROUNDTABLE:
1. Risk Measurement and Modelling Assumption in Crisis/Re-Opening Context

​Governmental support and defaulted obligors: postponed regulatory compliance?
Upgrading of risk models, Re-examination of assumptions built in risk models
Down-turn impacts on recovery processes
Regulatory guidance to addressing procyclicality during this crisis
2. Banks’ actions on portfolio and balance sheet management

Active portfolio and balance-sheet management: selling of underperforming assets
Mobilization of collaterals with central banks
Restructurings, Additional drawings

3. Refining the pandemic stress testing framework

Pandemic scenario: incorporating epidemiology and infection spread assessments, anticipation of shutdown measures
Quantify pandemic scenario’s impact on portfolio relevant economic/financial drivers
Model conditional rating transition matrices to project impact of economic/financial drivers on banks’ portfolios or segments
Quantify NPL from stressed risk profile
Quantify DT Losses

Contact person:
daniela.thakkar@globalcreditdata.org
Location:
Zoom

PD Subcommittee #3/2020
2020-04-23 14:00 - 15:00
Dear members of the PD Subcommittee,
We also kindly invite you to our next PD Subcommittee meeting.
Please accept the attached ics-item to save the meeting in your agenda.
The slide deck will be shared before the meeting.
Meeting URL: https://globalcreditdata.zoom.us/j/755074318
Meeting ID : 755 074 318
Best regards

Location:
Zoom Call

Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/04/gcd_pd_subcommittee_meeting_3_2020.ics https://www.globalcreditdata.org/wp-content/uploads/2020/06/material_pd_subcommittee_april_23rd_2020.pdf https://www.globalcreditdata.org/wp-content/uploads/2020/04/1_minutes_pd_subcommittee_20200423.pdf

Methcom Meeting #2/2020
2020-04-21 14:00 - 16:00
Methcom Meeting #2/2020
https://globalcreditdata.zoom.us/j/98711566836

GCD LGD Subcommittee Meeting #2/2020
2020-04-07 15:00 - 16:00
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/910625081
Meeting ID: 910 625 081
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Meeting ID: 910 625 081
Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl
https://globalcreditdata.zoom.us/j/910625081
Location:
https://globalcreditdata.zoom.us/j/910625081

PD Subcommittee #2/2020
2020-03-31 14:00 - 15:00
Dear members of the PD Subcommittee,
We also kindly invite you to our next PD Subcommittee meeting.
Please accept the attached ics-item to save the meeting in your agenda.
The slide deck will be shared soon.
Meeting URL: https://globalcreditdata.zoom.us/j/935758631

Best regards

Location:
Zoom Call

Aganda:
https://www.globalcreditdata.org/wp-content/uploads/2020/03/gcd_pd_subcommittee_meeting_2_2020.ics

PD Subcommittee #1/2020
2020-02-20 14:00 - 15:00
Dear members of the PD Subcommittee,
We also kindly invite you to our next PD Subcommittee meeting to discuss about the next priorities for the PD platform.
Please press on the attached ics-item to save the meeting in your agenda.
The slide deck will be shared soon.

Best regards
Olivier & Daniela

Location:
Zoom Call

Methcom Meeting #1/2020
2020-02-18 12:00 - 14:00
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/399390642
Meeting ID: 399 390 642
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Meeting ID: 399 390 642
Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl
https://globalcreditdata.zoom.us/j/399390642
Location:
https://globalcreditdata.zoom.us/j/399390642

LGD Subcommittee Meeting #1/2020
2020-02-11 15:00 - 16:30
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/622179748
Meeting ID: 622 179 748
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+19294362866,,622179748# US (New York)
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Meeting ID: 622 179 748
Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl
https://globalcreditdata.zoom.us/j/622179748
Location:
Zoom

BP Subcommittee #1/2020
2020-01-23 16:00 - 17:00
Benchmarking Platform Subcommittee meeting for H1 2020 cycle.
January 23, 2020, 10am EST / 4pm CET

Contact person:
Hale Tatar (GCD)
Location:
Zoom call

WG #2/ 2019-2020: Survey results
2020-01-16 14:00 - 15:00
Login details

Join Zoom Meeting

Phone one-tap:

US: +19294362866,,510546640# or +16699006833,,510546640#

Meeting URL:

https://globalcreditdata.zoom.us/j/510546640

Meeting ID:

510 546 640

Join by Telephone

For higher quality, dial a number based on your current location.

Dial:

US: +1 929 436 2866 or +1 669 900 6833

Meeting ID:

510 546 640

International numbers

Contact person:
Daniela Thakkar
Location:
Zoom call

LGD Subcommittee Meeting #6/2019
2019-12-17 15:00 - 16:30
Join Zoom Meeting
https://globalcreditdata.zoom.us/j/268695742
Meeting ID: 268 695 742
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+19294362866,,268695742# US (New York)
Dial by your location
+1 669 900 6833 US (San Jose)
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Meeting ID: 268 695 742
Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl

Location:
https://globalcreditdata.zoom.us/j/268695742
