HSBC is one of the world’s largest banks by loan volume and certainly has a global coverage in its portfolios. After careful due diligence and evaluation of benefits, HSBC Group has decided to join GCD and has been accepted by the Board for membership.
As for most members the key benefits for HSBC will come in the pooling of low default data as well as the alignment to best practice by collecting historical default information in a structured way, with GCD’s data quality stamp.
