Beginning of the year, GCD released its second authoritative report on loss given default (LGD) for large corporate borrowers with a turnover above €50m. According to the data, banks recover, on average, 76% of debts owed by large corporate borrowers after default. This is significantly higher than the 55% recovery rate implemented by the Basel Committee on Banking Supervision for corporate exposure under the foundation IRB approach. The findings are based on a reference data set comprising 10,737 defaulted borrowers and 18,465 facilities, from 58 lenders worldwide. The fact that the findings are in line with the previous report in 2018 confirms the stability and consistency of GCD's data sets and the reliability of the long-term estimates. GCD supports its member banks with protocols, toolings and detailed validation rules, to use the data as efficient as possible. We invite all (new) data users to join our next webinar on July 9th 2019 at 2pm CEST / 8am EST / 10pm AEDT detailing How to create a reference data set with GCD data, How to best address the aspect of representativity and data quality How to make use of the existing SAS tooling and validation rule table   Login details:  Meeting URL:  https://globalcreditdata.zoom.us/j/703040050 Join by Phone:  NL +31 (0) 20 […]

Venue: Think Precinct, 1 Merchant Place, Cnr Fredman Drive & Rivonia Road, Sandton 2196 Global Credit Data's South African Forum was hosted by First Rand / RMB in Johannesburg.  In this 1-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.  Few highlighted topics that will be part of the event:  LGD modelling for Real Estate Specialized Lending and Slotting Approach IFRS9 Benchmarking Round table discussions on how banks use GCD data   This event is for members only as well as based on invitations sent out to dedicated specialists from the industry. Please contact us for any inquiries.   Please find here the final agenda.      Contact person:Daniela Thakkar Location:Johannesburg

Interactive session - Support for Compliance (July 30th 2019) Agenda: Introduction Presentation of the FCG compliance report Discussion Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/07/interactive_session_support_for_compliance_july30th_2019.ics

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 […]