Global Credit Data February 2025 Newsletter
In this edition:
Embracing New Beginnings
— A message from the CEO
As we step into a new year, I’m honored to join this incredible community—one that has thrived for 20 years, bringing banks together to share data, insights, and a deeper understanding of credit risk.
This network isn’t just about information; it’s about collaboration, growth, and lasting impact. I’m excited to embrace my new role and be part of this journey with you.
With new member banks joining and fresh talent on board, we’re stronger than ever, ready to serve and innovate. Here’s to a year of fresh perspectives, bold ideas, and shared success. The best is yet to come!
New GCD Member Banks
ICBC Standard Bank Plc , 渣打银行 and AIB are the latest additions to the GCD membership.
These banks will now collaborate with fellow members to exchange data, insights, and expertise, enhancing the community's overall grasp of credit risk management.
New GCD Executives
You may have received one or more emails from Saril M. , inviting you to a conference or webinar. He is our Administrative Executive, who has already built connections within the GCD community.
"I may not crunch numbers, but I do make sure everything runs smoothly... Looking forward to staying in touch!"
Saril is based in Frankfurt, Germany and he joined the GCD team late last year. In his free time, he enjoys cooking and photography.
Sotiris Loustas , based in Greece, has recently joined our Analytics team. He will be responsible for converting our aggregated data into actionable insights for member banks.
"I’m excited to help turn raw data into clear, actionable insights that make sense and maybe even make your life easier!"?
Keep an eye out for his reports and analyses, and if you receive one, make sure to respond with a friendly hello and welcome to the GCD community!
Not to brag, but we've been making news lately
EBA Endorsement: GCD data as a credible source for credit insurance guidelines
ECB Collaboration: New findings on "Loss Given Default and Macroeconomic Conditions."
PRA Recognition: GCD's performance guarantees research highlighted in Basel 3.1 regulatory guidance!
H1 2025 Data Submission Timelines
Frankfurt Conference Highlights
We got to celebrate our 20th Anniversary with the Frankfurt Conference attendees in January.
It was a great mix of fun and learning, with excellent speakers providing valuable insights. And lots of networking opportunities for attendees to connect with each other.
Join us in Copenhagen!
When: 9:00 - 17:00, 07 May 2025?
Where: Nordea Bank Headquarters, Copenhagen, Denmark?
What: Lunch, Knowledge Sharing, Networking & Drinks?
Why: Share and receive the latest insights on risk and regulatory issues, grounded in data?
Who: Professionals in risk management, risk analytics, credit risk modeling, CROs and their deputies, regulatory affairs, and ESG risk from Nordic banks?
Price: Complimentary for GCD member banks and invitees from non-member institutions.
Public Invitation: Join the Representativeness Focus Group
How can you guarantee that the external credit risk data you wish to use aligns with your internal data??
Join us as we leverage insights from banks, regulatory bodies, and academic institutions to create a framework, guideline, and code that will help ensure and validate credit risk data representativeness.
Next meeting: Thursday, 20th February 2025 | 09:00 EST / 15:00 CET
Ever wonder how other banks leverage GCD data?
Joseph TAGNE from EQ Bank | Equitable Bank in Canada shows how banks can effectively use our data to benchmark PD and LGD metrics.
Hot off the Press
Our latest report examines 1,000 defaulted loans, with around 400 tied to energy projects. It delves into recovery trends and risks in project finance, focusing on energy initiatives. Renewable energy ventures, like solar and wind, show impressive recovery rates above 90%. Meanwhile, non-renewable projects, including extraction and production, reveal lower and more fluctuating rates.
View other industry reports here.