News

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Jun 28, 2012
New Chairman of the Board and New Chairman of the Methodology Committee

At the General Meeting hosted by DNB Bank in Oslo on 28 June 2012 the existing chairman of the board stepped down due to business reasons and Mr Richard Crecel was unanimously voted in to replace him.  Mr Crecel is the head of Credit Risk Modelling at Société Générale in Paris and has been an active member of the board for the last 3 years, most recently also handling the demanding role as Chairman of the Methodology Committee.

Mr Idar Øsebak of DNB Bank in Norway will succeed Mr Crecel as the new Chairman of the Methodology Committee.


Jun 28, 2012
Enlarged Board of Directors at Oslo Meeting
On 28 June 2012 at the General Meeting hosted by DNB Bank in Oslo, the member banks voted in a new board of directors consisting of 7 persons representing banks from Canada, Denmark, France, Netherlands, Norway and the UK.  The enlarged board is needed to properly represent the interests of the growing number of member banks.

May 21, 2012
Next general meeting

Global Credit Data will have its next general meeting in Oslo on 28 & 29 June 2012, kindly hosted by DnB NOR Bank.
The meeting is restricted to the member-banks (including recently joined or about to join); they will be proposed the business plan and the budget for year 2013. The members will also review all progress regarding the new database set up by SAS/CapGemini, the Spring 2012 LGD data collection and the developments in Down Turn LGD, Observed Default Frequency and Model benchmarking.


Mar 6, 2012
New member-bank

We are pleased to welcome Capital One Bank as a new member of our association. Capital One Bank, specializing in credit cards, home loans, auto loans, banking and savings products was founded in 1988 and is headquartered in Mclean, Virginia, USA.

 


May 16, 2011
General meeting

The Management Board invites all members to the next general meeting on 30 June and 1July in Paris. Day 1 will be devoted to the developments and progress of the association and its database. Day 2 will be for analytics, with a particular focus on the “Down-turn LGD”.


Feb 15, 2011
New members at the Methodology Committee

The Methodology Committee welcomes 2 persons just appointed by the Board:
Henry EDWARDS is Head of Wholesale Credit Risk Models at STANDARD BANK of South Africa,
Lars AAGAARD is Senior Analyst Credit Risk Management at DANSKE BANK of Denmark.

 


Feb 15, 2011
A new Chairman

The General Meeting of Members, in Copenhagen, has elected Philip WINCKLE Chairman of the Board of Global Credit Data. Previously Chairman of the Methodology Committee, then Vice-chairman of the Board, Philip WINCKLE combines a thorough knowledge of the Association to senior risk management experience at the large Swedish bank  S E B.
He succeeds to Jeroen BATEMA, who is resigning to devote himself to a new financial services venture. All present members have granted a standing applause to Jeroen BATEMA for his foresighted leadership since the inception of Global Credit Data.


Oct 21, 2010
Collecting Unresolved Defaults
12 Member-banks have started to report Unresolved Defaults; let us thank them for their efforts!

Sep 21, 2010
Methodology Committee re-composed
The re-composed Methodology Committee (the MethCom), now chaired by Richard CRECEL, resumes its work and determines the list of topics until the next general meeting on 16/17th December, in Copenhagen.

Jul 7, 2010
"Modelling techniques with LGD Data" presentation
At their semi-annual meeting in Frankfurt, the Member-banks have been given a remarkable presentation by Pr Rudi ZAGST, of Munich University of Technics, on "Modelling techniques with LGD Data"; of course, the data itself is from the Global Credit Data database.