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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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

PD Subcommittee #5/2018: Discussion data return

Dear members of the PD Subcommittee,  we would like to invite you to our next PD Subcommittee on November 13th at 3pm CET (=9am EST).  Focus of the meeting will be to discuss the data return H1/2018 which we will send out to members next week (for banks with more urgency this week) .  Please find the agenda attached as well as the minutes from the last meeting.  In case of any questions, please feel free to let us know.  Looking forward to speak to you on November 13th, 2018.  Michael & Daniela   Meeting details Meeting URL: https://globalcreditdata.zoom.us/j/361046562 Join by Telephone For higher quality, dial a number based on your current location. Dial: NL +31 (0) 20 241 0288 or +31 (0) 70 808 1008 US: +1 669 900 6833 or +1 929 436 2866 Meeting ID: 361 046 562 International numbers   Location:zoom call Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/10/agenda_pd_subcommittee_november_13th_2018_v2.pdf

Member webinar “GCD data in action”

We kindly invite you to join our upcoming webinar which summarizes the highlights of our last two conferences in Stockholm and New York.   Two senior risk managers of our member banks share their experience on how their banks have used GCD data lately in their modelling: ​ Commercial Real Estate LGD Model (LTV-model) with GCD Data  EAD modelling with GCD data At the end of the webinar, we will also zoom into the current initiatives of GCD:   The use of GCD for benchmarking purposes: How to read GCD's peer comparison report Benchmarking credit risk parameters under IFRS 9 and CECL      Topics to be addressed by our valuable speakers   Pubudu Premawardena, Vice President, Internal Ratings Management, SCOTIABANK "Commercial Real Estate LGD Model with GCD Data" Pubudu is leading a team responsible for developing and implementing models for operational risk, non-retail internal risk ratings, AIRB credit risk parameters, and IFRS 9 Expected Credit Loss. Pubudu has over 20 years’ experience in the Financial Services industry ranging from financial analysis, mergers and acquisitions, portfolio management, credit adjudication, model development, model validation, and project management. Pubudu is a computer engineer, a CFA, and a FRM. Pubudu is also a member of the GCD board since June 2018.      Atif Khan, Senior […]

LGD Subcommittee Meeting #7/2018

Agenda will be available in advance December 11th 2018 Time: 15:00-16:30 CET (Amsterdam Time) -------------------------------------------------------------------------------- Join Zoom Meeting https://globalcreditdata.zoom.us/j/385874842 One tap mobile +16699006833,,385874842# US (San Jose) +19294362866,,385874842# US Dial by your location         +1 669 900 6833 US (San Jose)         +1 929 436 2866 US Meeting ID: 385 874 842 Find your local number: https://zoom.us/u/aqIsSszLp -----------------------------------------------------------------------------------------   Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/12/lgd_subcommittee_material_11th_december_2018.pdf

PD subcommittee #6/2018: Priortities 2019

Agenda is attached Location:Zoom Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/12/agenda_pd_subcommittee_december_20th_2018.pdf

BP Subcommittee #1/2019

Benchmarking Platform Subcommittee meeting for H1 2019 cycle.  January 17, 2019, 10am EST / 4pm CET Contact person:Hale Tatar (GCD) Location:Zoom call

LGD Subcommittee Meeting #1/2019

Agenda will be available in advance February 5th 2019 Time: 15:00-16:00 CET (Amsterdam Time) -------------------------------------------------------------------------------- Join Zoom Meeting https://globalcreditdata.zoom.us/j/672379364 One tap mobile +16699006833,,672379364# US (San Jose) +19294362866,,672379364# US Dial by your location         +1 669 900 6833 US (San Jose)         +1 929 436 2866 US Meeting ID: 672 379 364 Find your local number: https://zoom.us/u/adDRKsYQlN ----------------------------------------------------------------------------------------- Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/02/lgd_subcommittee_material_5th_february_2019.pdf https://www.globalcreditdata.org/wp-content/uploads/2019/02/global_credit_data_lgd_-_ead_platform_documentation_faq_january_2019_clean_version.pdf

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 11 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. In the last weeks, a core group of banks has designed the template, tailored it to the US market and developped the roadmap for 2019. Please listen to our […]

PD Subcommittee #1/2019

Regular PD Subcommittee meeting - see agenda (incl. login details) attached Contact person:Daniela Thakkar Location:Zoom call Aganda:https://www.globalcreditdata.org/wp-content/uploads/2018/12/agenda_pd_subcommittee_january_24th_2019.pdf

Kick-off meeting “LGD Reference Model”

In 2018, GCD has published for the first time its LGD Report Large Corporate – examining the Loss Given Default (LGD) for banks lending to corporate borrowers with a turnover of more than €50m. The report finds that banks, on average, recover 75% of debts owed by large corporate borrowers after default and confirms the hitherto untested principle that seniority and collateral drive low rates of LGD. Following this, we now move into a new phase.  GCD has partnered with FCG to help banks to benchmark their LGD models with a reference model to be built on GCD data.  The work will include Building a RDS on GCD's increasing data set Exploration of traditional modelling techniques (to identify drivers of LGD) Applying machine learning techniques Discussion on the requirements of a good challenger model/method to be embedded in banks' processes Analysing unsecured as well as secured facilities, including different kinds of collateral  Publication  Members have been invited to join the kick-off meeting and share their view on the concrete deliverables and how this working group should be run in order to ensure an outcome which is useful for members and publishable.  The meeting has been recorded and the recording is available here.  Location:Zoom call

European Conference Vienna March 2019

Global Credit Data's European Conference 2019 was hosted by Raiffeisenbank International. 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:Daniela Thakkar Location:Raiffeisen Bank International Aganda:https://www.globalcreditdata.org/wp-content/uploads/2019/03/agenda_gcd_conference_2019_vienna_20190321.pdf

LGD Subcommittee Meeting #2/2019

Agenda will be available in advance April 30th 2019 Time: 15:00-16:00 CET (Amsterdam Time) -------------------------------------------------------------------------------- The meeting will take place using the Zoom application (replacement of our former Webex tool). Join Zoom Meeting https://globalcreditdata.zoom.us/j/182101216 One tap mobile +16699006833,,182101216# US (San Jose) +19294362866,,182101216# US (New York) Dial by your location         +1 669 900 6833 US (San Jose)         +1 929 436 2866 US (New York) Meeting ID: 182 101 216 Find your local number: https://zoom.us/u/abL3Yawkl ----------------------------------------------------------------------------------------- LGD Subcommittee Meeting #2/2019 Contact person:Erik Rustenburg Location:https://globalcreditdata.zoom.us/j/182101216