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GCD compliance report by FCG
This report has two main purposes; (i) assess GCD’s compliance with regulatory requirements applying to the use of pooled data for regulatory capital modelling, and (ii) if identified propose areas where GCD could, if desired, develop its operations.
Even though GCD itself is not directly subject to any banking regulatory requirements, its member banks using GCD’s pooled data must be compliant and therefore need to assess how GCD’s collection and processing of pooled data fits into their overall regulatory credit risk model compliance frameworks.
The overall assessment is that GCD is compliant with the requirements concerning pooled data.