Global Credit Data
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| Abbreviation | GCD |
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| Formation | 2004 |
| Legal status | Non-profit company |
| Purpose | Cross-border data-pooling to help measure credit risk. |
| Location |
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Membership | 50 banks |
| Philip Winckle | |
Main organ | Board of Directors |
| Website | Global Credit Data |
| Part of a series on financial services |
| Banking |
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Funds transfer |
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. 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 42 banks at May 2014 and the geographic coverage of the GCD databases, originally limited to Europe, have 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.[1]
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.[2]
Structure
Global Credit Data is governed by the Board, which comprises 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 and an Operational 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.[3]
Non-executive directors
- Richard Crecel, Board Chairman
- Theo van Drunen, Treasurer
- Simon Ross-Hansen, Board member
- Claire Kouwenhoven-Gentil, Board member and Methodology Committee member
- Antonio Ruiz, Board member and Chairman of Methodology Committee
- Iain Maclachlan, Board member
- Micheal El Hadj, Board Member [4]
Senior personnel
- Philip Winckle, Executive Director [5]
References
- ↑ GCD about us page Retrieved 2012-10-24
- ↑ 10/12/2008 Articles of Association Retrieved 2012-10-24
- ↑ 10/12/2008 Articles of Association Retrieved 2012-10-24
- ↑ GCD about us page Retrieved 2012-10-24
- ↑ GCD about us page Retrieved 2012-10-24