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

PRESS RELEASE – 15 August 2018

 

New Head for GCD

 

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.

More details on the agenda will be available in the coming weeks on our website. CECL and the CECL work of GCD (survey plus benchmarking study) will be on the agenda. Please contact any of the GCD Executives if you would like to present during plenary or break-out sessions. 

GCD will be working with Accenture and the IIF to help U.S. financial institutions benchmark their CECL models as they are developed. For this purpose, GCD has rolled out a deep methodological survey, providing banks the opportunity to benchmark their methods. We plan to follow the survey with a benchmarking exercise to commence in the early fall. More information can be found here: 

https://www.globalcreditdata.org/services/benchmarking-cecl-models

With more than 170 people, GCD's European Conference has once again outreached its goals. We shared knowledge, exchanged ideas and got insights in the latest developments on credit risk management. 

For those members who could not join: save the date for the next conference in New York on September 24th/25th, 2018. 

Click here for more impressions of our GCD conference in Stockholm on June 11/12, 2018 (login for members required)

GCD has a strong position in the United States with the largest US banks being a long-term member and delivering data to GCD’s databases.

Last month, Goldman Sachs joined as member and is now starting up the onboarding process.

The multinational investment bank and financial services company will further contribute to the global coverage of GCD’s data. 

GCD LGD Report Large Corporates

First ever report of extensive analytics on LGD data highlights high recovery rate for banks on defaulted debt from large corporate borrowers

Global Credit Data has released its LGD Report 2018 – the first ever examining the Loss Given Default (LGD) for banks lending to corporate borrowers with a turnover of more than €50m. The report finds that banks, on average, recover 75% of debts owed by large corporate borrowers after default and confirms the hitherto untested principle that seniority and collateral drive low rates of LGD.

 

In Q4/2017, Global Credit Data conducted a benchmarking study that found significant variation in the credit loss estimates of the 19 participating IFRS 9 banks—all of which used a well-defined hypothetical portfolio and a common scenario to calculate their expected credit losses (ECL).

GCD welcomes Deutsche Pfandbriefbank as our newest member. Deutsche Pfandbriefbank (pbb) is a German specialist bank for real estate financing and public investment finance. In addition to Germany, the main business focus is on Great Britain, France, Spain, the nordic countries and countries in Central and Eastern Europe. 

On February 8th, 2018, ICC has published the ICC Trade Register report 2017, which presents a global view of the credit risk profile of trade and export finance transactions.
 

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