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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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PD Subcommittee #4/2019

Dear members of the PD Subcommittee,  the PD data has been returned to you last week and can be downloaded from our data portal https://www.globalcreditdata.net. We also kindly invite you to our next PD Subcommittee meeting to have a review of the submisson process, a joint look into the data and to discuss further the requirements of a raw data return.  Please press on the attached ics-item to save the meeting in your agenda.  Best regards Olivier & Daniela   Location:Zoom Call

Webinar “Benchmarking CECL estimates before Day 1 implementation”

The year 2019 will be a busy one for all US Banks. With banks, standardsetters and regulators still engaged in a debate about what implementation of the CECL standard for Day 1, there are only 4 month left before public firms “go live” on CECL. The principle-based nature of the standard means that the remaining time needs to be spent on testing assumptions and validating approaches. For many banks, attention is on finalizing implementation plans and to kick-start the parallel run. GCD has partnered with Accenture and the IIF to help U.S. financial institutions benchmark their CECL models in this critical phase and beyond Day 1 compliance.  We offer all financial institutions (global banks, community banks, regionals banks, specialty financer, insurers, ...) to benchmark their ECL estimates on a standardized portfolio. Implementation of similar approaches (e.g. IFRS 9) proved that it is important to not stay siloed: knowing where your ECL estimations are in comparison to your peers allow you to act fast and ahead of the game.   The excercise will include various scenarios, including a stress scenario. At the beginning of the year a core group of banks has designed the template, tailored it to the US market and developped the roadmap for 2019. 11 […]

Methcom Meeting #7/2019

Join Zoom Meeting https://globalcreditdata.zoom.us/j/970337580 One tap mobile +16699006833,,970337580# US (San Jose) +19294362866,,970337580# US (New York) Dial by your location         +1 669 900 6833 US (San Jose)         +1 929 436 2866 US (New York) Meeting ID: 970 337 580 Find your local number: https://zoom.us/u/abL3Yawkl https://globalcreditdata.zoom.us/j/970337580 Location:https://globalcreditdata.zoom.us/j/970337580

Working Group LGD Reference Model (September 24, 2019)

Working Group LGD Reference Model Agenda: Introduction Data preparation Reference model development Single-stage results Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/09/gcd_-_lgd_reference_model_working_group.ics

North American Conference New York October 2019

Venue: 4, MetroTech Center, Brooklyn NY, 11201 (5th floor) Global Credit Data's next North American Conference is kindly hosted by JP Morgan Chase in Brooklyn / New York.  In this 2-day event, members, academics and GCD excecutives presented on 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. In the center of the conference was our CECL benchmarking work we are currently running. Participants had also the chance to see presentations on the GCD data and engage in our round table discussion sessions.  This event was for members only and based on invitations sent out to dedicated specialists from the industry. Please contact us for any inquiries.   You can download the material by clicking below at the link under documents

WG Compliance #1: Definition of Default

GCD's data collection is compliant with Basel II regulations and local specifications - confirmed by FCG in their latest compliance report.    To support banks in their compliance efforts, members voted that GCD should further focus on collecting more information on the different default definitions applied my members.   Join our first working group on Tuesday, October 15th, 2019 at 2pm CEST / 8am EST / 10pm AEDT to discuss our approach to this interesting topic.  For more information, please contact Olivier Plaetevoet.       Login Details:  https://globalcreditdata.zoom.us/j/440311847 Call :  Phone number: +19294362866 or +31 20 794 0854 Meeting ID: 440311847# Further international phone numbers:  https://globalcreditdata.zoom.us/zoomconference?u=pS1WjqyX0DZCJlHeLXd_eoJvFsKO5pzfcmrrTp4ZPfE   Location:Zoom Call

GCD LGD Subcommittee Meeting #4/2019

All members currently participating on the LGD platform are invited and encouraged to attend.  The agenda will be published soon before the meeting takes place. ---------------- The meeting will take place using the Zoom application. Join Zoom Meeting https://globalcreditdata.zoom.us/j/260208316 Meeting ID: 260 208 316 One tap mobile +16699006833,,260208316# US (San Jose) +19294362866,,260208316# US (New York) Dial by your location         +1 669 900 6833 US (San Jose)         +1 929 436 2866 US (New York) Meeting ID: 260 208 316 Find your local number: https://zoom.us/u/abL3Yawkl https://globalcreditdata.zoom.us/j/260208316 Location:https://globalcreditdata.zoom.us/j/260208316 Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/10/lgd_subcommittee_material_29th_october_2019.pdf

GCD Methcom Meeting #8/2019

Find the connection details of the meeting below: --------------- Join Zoom Meeting https://globalcreditdata.zoom.us/j/593018633 Meeting ID: 593 018 633 One tap mobile +19294362866,,593018633# US (New York) +16699006833,,593018633# US (San Jose) Dial by your location         +1 929 436 2866 US (New York)         +1 669 900 6833 US (San Jose) Meeting ID: 593 018 633 Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl   ---------------- https://globalcreditdata.zoom.us/j/593018633 Location:https://globalcreditdata.zoom.us/j/593018633

WG Trade Finance #1/2019: Kick-off

Kick Off Agenda: Collect feedback and discussion about GCD ICC paper on performance guarantees. Give the list of Topics We want to approach in this working group & Collect Feedback and potential new topics Agree on Frequencies and dates of further working group meeting based on Quick survey. Q&A about Current ICC submission.   Call Information Join Zoom Meeting Phone one-tap: US: +16699006833,,666645351# or +19294362866,,666645351# Meeting URL:https://globalcreditdata.zoom.us/j/666645351 Meeting ID:666 645 351 Join by Telephone For higher quality, dial a number based on your current location. Dial: US: +1 669 900 6833 or +1 929 436 2866 Australia: +61 8 7150 1149 or +61 2 8015 6011 United Kingdom: +44 203 051 2874 or +44 203 481 5237 or +44 203 966 3809 or +44 131 460 1196 Meeting ID:666 645 351 International numbers     Contact person:Michael Dhaenens Location:Zoom call : https://globalcreditdata.zoom.us/j/666645351 Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/10/gcd_icc_trade_working_group_kick_off.ics

LGD Subcommittee Meeting #5/2019

Join Zoom Meeting https://globalcreditdata.zoom.us/j/780821179 Meeting ID: 780 821 179 One tap mobile +19294362866,,780821179# US (New York) +16699006833,,780821179# US (San Jose) Dial by your location         +1 929 436 2866 US (New York)         +1 669 900 6833 US (San Jose) Meeting ID: 780 821 179 Find your local number: https://globalcreditdata.zoom.us/u/abL3Yawkl https://globalcreditdata.zoom.us/j/780821179 Location:https://globalcreditdata.zoom.us/j/780821179 Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/11/lgd_subcommittee_material_19th_november_2019.pdf

WG #1 / 2019-2020: Kickoff IFRS 9 activities 2019/2020

  Pre-discussions with banks revealed a further interest of banks to exchange on IFRS 9, typically on post-implementation challenges (e.g. backtesting, managing of qualitative overrides, managing the volatility of IFRS 9).  Banks have implemented robust IFRS 9 models with a variety of methodologies, depending on their modelling capacity, data availability and business strategy.  However, benchmarking data on IFRS 9 is scare.  GCD invites all member who are interested in a new work stream on IFRS 9 Benchmarking to join the kick-off call on December 5th, 2019 at 2pm CET and 8am EST.  The IFRS 9 work could consist of  specific knowledge exchange sessions between banks on post-implementation challenges and / or   a new, revised IFRS 9 Benchmarking template and data collection smaller regional actions  ... Members will decide.  Please click on the attached agenda item to note the meeting in your agenda or contact Daniela Thakkar for any further questions.    Meeting URL: https://globalcreditdata.zoom.us/j/128086147 Meeting ID: 128 086 147 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: 128 086 147 Link to international numbers: https://globalcreditdata.zoom.us/u/aivQHQqK0   Contact person:Daniela Thakakr Location:Zoom Call

PD Subcommittee #5/2019

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