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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Webinar “Benchmarking CECL estimates before Day 1 implementation”

September 4, 2019 @ 4:30 pm - 5:30 pm UTC+1


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 banks already participated in the first round of the benchmarking, a second round allows now all institutions to benchmark their estimates before finally going live. 

In the webinar we communicate

  • the exact timelines for the second round in H2/2019
  • the setup (template, FAQ, etc)
  • the expected detailed data return 

  and answer questions from the industry participants. 

Please click on the attached calendar item (below under the “agenda”)  to save the meeting in your agenda. 


Login link: 



Or dial by your location

        +1 929 436 2866 US (New York)

        +1 669 900 6833 US (San Jose)

Meeting ID: 276 495 2653

Find your local number: https://zoom.us/u/aecEth3WVj








Contact person:

Nathaniel Royal


Zoom Call




September 4, 2019
4:30 pm - 5:30 pm UTC+1