GCD - a global risk management utility sharing data and knowledge within the financial industry


In 2021, the Unresolved LGD projection methodology was
monitored and backtested as of H2/2020 data, with one
Since 2004, GCD has continuously reinforced a framework that is used to measure and monitor Data Quality (DQ). The objective is to achieve high DQ and compliance for the

This report describes the Global Credit Data (GCD) methodology for calculating loss given defaults (LGDs) for unresolved loans.


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On 27 May 2021, GCD launched its first event in the Middle East and APAC region. 

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Upcoming events


Following the kick-off webinar from October, 14th, the GCD initiative on Climate risk moves to action phase and proposes to reconvene for decisions on climate data sharing, on 

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Members range from global universal banks to specialised and regional institutions, all following Basel definitions.

Data Pooling

Members share data for benchmarking their LGD, EAD and PD models on a "give to get" basis  

Working Groups

Member banks get together to study areas of common interest, e.g. Downturn LGD, Trade Finance and IFRS 9 / CECL impairment modelling.

Data Analysis & Library

Anonymised and controlled raw data is returned to member banks for their own use and analysis. GCD members have access to the library, which includes also a vast amount of analytics on the data.