Global Credit Data December 2023 Newsletter

In this edition:

Toronto Spring Conference — Save the Date!

ESG & Climate Risk — Update

Data Entitlement Changes — Good News!

New Report Publications — PD & Ratings, Project Finance

ITFA Report — Treating Insurance-backed Facilities

GCD Representativeness Focus Group — Get Involved!

GCD Regional Forums — Industry Peer Discussions

Save the Date! Toronto Spring Conference

Save the date for?April 29th, 2024!?The highly anticipated GCD North American Conference is set to take place in the vibrant city of Toronto, Canada in the spring of 2024.?

Hosted by the esteemed Royal Bank of Canada ( RBC ) , this conference promises to be an exceptional opportunity for professionals to come together and exchange knowledge, insights, and best practices while building valuable connections with like-minded peers.?

Registrations will be opening soon, and?we look forward to seeing you in Toronto!?

Achieve your ESG & Climate Risk Goals with GCD!

GCD is dedicated to providing valuable support to our member banks in effectively addressing your ESG & Climate Risk measurement, monitoring, modelling, and reporting needs. Leverage our extensive experience and expertise in data standard-setting, pooling, method-sharing, and benchmarking in meeting your goals through:

GCD Climate Focus Group: a central information hub for facilitating collaborations between banks and integrating climate factors into credit risk measurement.

Cross-Industry Partnerships: We’re in partnership talks with UNEP FI to conduct climate-effect exercises.

Key Discussion Groups on modeling and stress testing.

Regional Engagements: webinars, surveys, and targeted projects in regions like EU, UK, Canada, US, South Africa, and Australia.

Benchmarking Exercises for stress testing methods.

Standardization: developing and implementing quantification methods across the banking sector.

Comprehensive Data Collection: focused on identifying key ESG and climate risk drivers within PD & LGD frameworks.

If you're interested, please reach out to?Hale Tatar?to get?involved in the discussions.

?*New Analytics:?Take a look at the newly released section on Project Finance report, featuring Recovery Rates for Green and Fossil Fuel Energy Projects!?For more information on the report, contact Nina Brumma.

New Publications

Real Estate, Large Corporates, & Project Finance Reports

We’re excited to announce the release of three new report publications?on;?Recovery Rates?for?Project Finance,?as well as PD & Default Rates for?Real Estate?and?Large Corporates. Download these reports via the links below.?For questions and feedback, reach out to Nina Brumma and?Olivier Plaetevoet

Do You Have Insurance-Backed Facilities in Your Loan Portfolio?

GCD has been a prominent collaborator with the International Trade & Forfaiting Association (ITFA) in advocating for more favorable capital treatment of facilities guaranteed by insurance providers under the Basel framework.?

To support this advocacy effort, we’ve published a report titled: "Recovery Rates for Facilities Backed by Insurance Companies."?

?The report was developed based on data provided by GCD member banks and has been widely recognized as a valuable resource in highlighting the benefits of providing more advantageous capital treatment for these types of facilities.

Considering the success of the first edition of this report, GCD is now working with both member and non-member banks to produce a second version.?Interested banks are encouraged to contact Jakub Tomczyk?to participate in this initiative.

Regional Forums:?Collaboration

We are starting to redirect our attention towards regional forums, where we aim to facilitate the exchange of ideas and networking opportunities between member and non-member banks.

Alongside our larger conference in Amsterdam, we organized smaller regional forums in New York, Stockholm, and Australia this year. These forums provided a platform for industry peers to engage in discussions regarding credit risk-related topics and collaborate on finding solutions to pressing issues.

The response to these forums was overwhelmingly positive, and we are eager to organize more of them in the upcoming year!

May the holiday season fill you with joy! Wishing everyone a happy new year!?We are grateful for your continued support of GCD initiatives and look forward to working together in 2024!