Global Credit Data March 2024 Newsletter
In this edition:
Join Us at Our Upcoming Conferences & Forums
Get ready for an action-packed first half of the year as we gear up for our conferences and regional forums!
We're thrilled to extend an invitation for you to join us as we come together to share ideas, connect with industry professionals, and gain valuable insights.
We have three exciting events lined up:
Unlock your ESG & Climate Risk Goals with GCD!
GCD is dedicated to providing valuable support to our member banks in effectively addressing your 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.
Join the GCD Climate Risk Focus Group and gain unparalleled access to credit databases and cutting edge analytics. You'll also have the opportunity to tap into a wealth of knowledge and research facilitated by our unique industry association.
Whether you're a GCD Member or a non-member bank representative, if you're an expert in climate, credit risk, or risk data, we welcome your valuable participation!
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Latest Data Release: Named Peer Ratings Data Pool!
We’re excited to announce the latest data release for the Named Peer Ratings data pool! This kicks off the year for this data pool, where banks collaborate to exchange risk ratings and parameters for mutual borrowers. The data covers over 30,000 names across North America, Europe, South Africa, and Australia.
Our member banks rely on this data pool to compare risk parameters with their counterparts in similar regions, as well as to strengthen their early warning system for at-risk borrowers in the Large Corporate, Sovereign, Banks, and Financial Institutions sectors.
H1 2024 Data Submission Timelines
At GCD, we currently oversee four data pools: LGD/EAD, PD/Rating, Named Peer Ratings/Clusters, and our ICC Trade Register for Trade Finance products. Each year, our member banks actively contribute to these pools and receive valuable data in exchange.
Our membership fee covers participation in any or all of these pools, so there are no additional costs for joining multiple data pools. Data submission is currently in progress, with strict timelines in place. Please feel free to reach out to us for more information.
Remember, You Now Get Even More Data for What You Give!
With the latest updates to Data Entitlement Rules by the Methodology Committee, banks are set to receive a boost in data for their low default portfolio contributions. The changes have already been rolled out and were part of the 2023-H2 LGD cycle. This gives you access to a richer dataset for even better analyses.
For more information on how these changes impact your bank, please reach out to any of our GCD Executives.