In the Spotlight

Banks recover 75% of defaulted debt owed by large corporate borrowers, finds new Global Credit Data report

Global Credit Data has released its LGD Report 2018

 

Upcoming events

25Mar201909:00CET

Global Credit Data's European conference 2019 will be hosted by Raiffeisen Bank International in Vienna.

News

The long-term agreement will strengthen the breadth and analysis of the ICC Trade Register, the banking industry’s leading data source for risks in global trade and export finance. Global Credit Data will oversee the collection of banks’ credit-related data, with the next Trade Register report produced by ICC and the Boston Consulting Group to be released in early 2019

Global Credit Data has appointed Richard Crecel from Société Générale as its new Executive Director from September 2018, following retirement of Philip Winckle

SAVE THE DATE: The next North American Conference is hosted by Citibank on September 24 & 25 in New York City.

Publications

The long term average LGD levels in this report can be compared to regulatory minima and standardised levels, allowing an industry wide discussion of prudent forward looking LGDs vs historical evidence. Note that the LGDs in this report are cash flow discounted observations of historical outcomes, not forward looking estimates.

US Banks preparing for CECL implementation can learn from banks that have already implemented IFRS 9. Similarly, IFRS 9 institutions implementing the rule this year should know that credit loss estimates of banks can vary significantly. Regulators and auditors will eventually focus on those differences and push for greater consistency.

Does loss given default (LGD) depend on the economic cycle and if so how can it be measured?

Find out more

Members

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.