Global Credit Data is run by a set of policies approved and regularly reviewed by the Board.
The main policies and procedures are:
| Category | Policies & Procedures |
|---|---|
| Information Security |
These policies and procedures detail the basic requirements and responsibilities for the proper management of information assets at GCD. The documents specify the means of information handling and transfer within the Association. Overall, GCD aims to operate at the same level of information security as the best of its members. Please refer to the following documents: |
| Academic Research |
GCD’s Articles of Association lists as one of its objectives (3.1 (b)) “to contribute to a better understanding of credit risk” and in 3.1 (c) “to do all that is connected with the above or may be conducive thereto”. Article 15.1 specifies a decision to “publish Credit Data” as being of strategic importance and requiring prior approval of the General Meeting (as well as a 2/3 majority of the Data Pool participants). The general meeting of members approved in December 2013 that the granting of access to GCD data for academic research and the publication of academic research does not constitute “publication of the Credit Data”. This was an important decision which means that Academic Research can therefore be treated as a confidential activity which is delegated to the Management Board. The right to approve academic research based on GCD data is expressed in this document: Procedure for approval to use GCD data in Academic Research. |
| Compliance | GCD’s Articles of Association stipulate that GCD members are banks or similar financial institutions. GCD members are themselves required to comply with a large number of regulations concerning conduct and behaviour. As GCD is wholly owned and controlled by its members, it is reasonable that they expect GCD to operate in a way which is consistent with their own conduct and behaviour.
Compared to its members, GCD conducts a very narrow range of operations and therefore many regulations and types of behaviour with which banks must comply are not applicable to GCD. However, in the areas which do apply, then GCD sets out compatible policies. Those not covered in the information protection or human resources policies are covered in the Compliance Policy. |
| Working Groups | GCD operates “working groups” for member discussions, research or benchmarking in areas of common interest. The currently open working groups are listed on this site under the working groups tab. Material from these and older working groups is all available in the library.
Please see the following procedures which help understand working groups: |
| Human Resources
|
GCD has a geographically diverse membership base and its operations and executives are similarly spread globally. There is no Head Office location and therefore meetings of Board members, Methodology Committee, subcommittees, etc. are all conducted either online or in person at diverse places throughout the world.
GCD has a suite of policies affecting employees, consultants and office holders: |
| Administration
|
GCD’s administration is well documented. Some of the procedures which directly affect members and office holders are shown below for reference.
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