GCD held its latest General Meeting on 2 December. 2016  After 8 years on the Board and 4.5 as chairman, Richard Crecel of Société Générale, stepped down. Board members pointed to Richard’s record of growth in number of members and diversity of activities. Theo van Drunen, until now the Treasurer, steps into the Chairman’s seat and has promised continued growth, with focus on member’s needs.

At the same meeting, Simon Ross-Hansen was re-elected and Sanjay Gupta of PNC joined the Board.

GCD is proud to welcome Export Development Canada as a member.  EDC becomes our seventh Canadian member and our first export credit agency member.  To qualify for and benefit from GCD membership, financial institutions need to be active in the corporate or specialised lending financing market, which EDC certainly is.

Bank of Montreal's membership means that the cream of the Canadian banking industry are now members of GCD.  Members receive detailed data for LGD/EAD and PD model support which is coded by country, so the addition of a sixth Canadian bank means a richer data return of Canadian, North American and global data.

Bank of Montreal is GCD's 52nd member.

With more than 100 people attending, Global Credit Data's third North American conference has been GCD's largest conference ever.

As usual the conference was a mix of presentations and discussions around the LGD, EAD and PD databases as well as credit risk modelling and measurement methodology discussions. If you are interesting in the content, please have a look at our LIBRARY (after log in) . 

GCD's membership has now reached 50, with new members CIBC and Raffeisen Bank International joining in March 2016.  GCD 's membership is more geographically representative of the global banking market, with 15 members in North America.