Global Credit Data
| File:Global Credit Data (logo).png | |
| Abbreviation | GCD |
|---|---|
| Formation | 2004 |
| Legal status | Non-profit company |
| Purpose | Cross-border data-pooling to help measure credit risk. |
| Location |
|
Membership | 55 banks |
Main organ | Board of Directors |
| Website | Global Credit Data |
Global Credit Data (GCD) (formerly named PECDC or the Pan-European Credit Data Consortium) was formed in December 2004 as a credit data pooling initiative primarily designed to assist member banks' completion of Basel II preparations in their pursuit of Advanced Status for AIRB.[1][2]Malinen, Aki; Möll, Ricardo; Pelttari, Aleksi; Tran (Project Manager), Thong (June 7, 2021). "COVID-19 impact on credit loss modelling. Final Report" (PDF). Aalto University. ... Data in this project was obtained from several sources: SEB and Global Credit Data (GCD)1 rating migration data, free access economic data from Eurostat and the Wharton Business...
[3] Initially it was formed as a loose affiliation of 13 original member banks. GCD now has the largest commercial loan loss and recovery dataset in existence. Membership has grown from the original base of 13 to a membership of 55 banks as of September 2021, and the geographic coverage of the GCD databases, originally limited to Europe, has been extended to banks in Africa, Australia and North America. In December 2008 GCD was incorporated as a private not-for-profit legal association, domiciled in The Netherlands under Dutch law.[4]
Role
The role of Global Credit Data is to provide members with an additional credit data collection, analysis and research resource, as well as to contribute to a better understanding of credit risk, as put forward in the Articles of Association.[5]
Structure
Global Credit Data is governed by the Board, which comprises at least 7 members appointed by the General Meeting of members for two years. The board is governed by a chairperson and meets at least quarterly. There is also an Executive Director appointed by the board and the General Meeting. There is also a methodology committee charged with all methodological aspects, which is appointed by the board.
Board
Source:[6]
- Simon Ross-Hansen, Chairman
- Sanjay Gupta, Deputy-Chairman
- Massimo Cutaia, Treasurer
- Stephan Jortzik, Chairman of Methodology Committee
- Jean-Gabriel Albigot
- Maz Khan
- Mark Dutrisac
Senior personnel
- (TBD), Executive Director [7]
- Nina Brumma, Head of Analytics and Research
- Michael Dhaenens, Head of IT, Data & Delivery
References
- ↑ Brumma, Nina; Winckle, Philip (2017). "GCD Shipping Finance LGD Study 2017". SSRN Electronic Journal. doi:10.2139/ssrn.2980741. ISSN 1556-5068. SSRN 2980741.
- ↑ Thackham, Mark; Ma, Jun (2018-10-26). "Exposure at Default Without Conversion Factors—Evidence from Global Credit Data for Large Corporate Revolving Facilities". Journal of the Royal Statistical Society Series A: Statistics in Society. 182 (4): 1267–1286. doi:10.1111/rssa.12418. ISSN 0964-1998.
- ↑ Beerbaum, Dirk (2020). "Accounting Treatment of Credit Loss Allowances Amid COVID-19: Current Expected Credit Loss (CECL) Versus IFRS 9 Expected Credit Loss (ECL)". SSRN Electronic Journal. doi:10.2139/ssrn.3824287. ISSN 1556-5068. SSRN 3824287 Check
|ssrn=value (help). - ↑ GCD about us page Retrieved 2023-02-24
- ↑ "Articles of Association". 13 January 2020. Archived from the original on 2023-02-24. Retrieved 2023-02-24.
- ↑ GCD Board Members Archived 2023-02-24 at the Wayback Machine Retrieved 2023-08-01
- ↑ GCD about us page Retrieved 2023-02-24
External links
- Official website
- Global Credit Data official website Archived 2016-04-22 at the Wayback Machine
- "Articles of Association". 13 January 2020. Archived from the original on 2023-02-24. Retrieved 2023-02-24.
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