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Join the network
Join a growing network of the world’s leading financial institutions

Banks, insurance companies, asset managers and other sophisticated risk practitioners can contribute data to the world’s most comprehensive consensus credit risk network

Our unique suite of data and analytics solutions, offered exclusively for contributors, provides new, unique risk insights at the micro- and macro-level

Counterparty
Risk Management

Leverage Credit Benchmark’s growing universe of consensus estimates to better track credit changes at the entity and sector level. Efficiently focus on and prioritize your counterpart analysis where the consensus view differs from your own.

Credit Portfolio
Management

Benchmark your portfolio risk ratings against your peers, on a like-for-like basis or against all observations for a given sector or industry to get a broader sense of macro trends. Use the Credit Benchmark portfolio monitoring tool to get alerted to changes in various risk metrics.

Risk Analytics
& Modelling

Provide your modelling and analytics teams with robust entity- and aggregate- level data that can be used to drive internal model calibration and validation exercises and help them be better informed for regulatory interactions.

Information Security

Information Security is critical to Credit Benchmark’s success and maintaining the confidentiality of our clients’ data is our top priority.

  • Enhanced security at our office site.
  • Segregated technical environments.
  • Biannual testing conducted by third parties.
  • World-class data encryption.
  • Management oversight from the CEO and the Board.

Compliance

Credit Benchmark’s designated compliance committee provides oversight across:

  • Information Security: Robust information security architecture to maintain client confidentiality. Sensitive data is received and delivered via secure transmissions and hosted in a compliant technology environment.
  • Methodology: Data is delivered using industry-standard consensus rules for contributed data models. A minimum number of observations on an entity are required for data to be published in order to maintain client confidentiality.
  • Compliance with code of business conduct: All employees are required to maintain the highest standards of conduct.

Governance

Advisory Board

  • Led by Craig Broderick, former chief risk officer of Goldman Sachs, the Advisory Board provides guidance on Credit Benchmark’s strategy and market positioning.

Methodology Committee

  • Provides a forum for all contributing financial institutions to meet three times annually with the objective of ensuring the highest data quality standards and maximizing the relevance of the outputs.

Data Source and Provenance

Regulatory changes have led to the world’s major banks essentially creating their own micro credit rating agencies. Credit Benchmark’s platform combines the views of thousands of analysts, representing the interests of institutions with real world risk exposure. These views are then aggregated and analyzed in a secure, anonymized and compliant environment, providing for the first time a unique insight into the risk activity of the world’s leading financial institutions.
Join the network

The data collected from contributors is a specific measure of credit risk: a one-year, forward-looking Probability of Default (PD) and forward-looking senior unsecured Loss Given Default (LGD). The underlying inputs from contributors are subject to a rigorous data quality approval process and derived from models that are approved by regulatory authorities. Contributors have a strong incentive to ensure the accuracy of each PD and LGD, which are used in their regulatory submissions, leading to a credible market view of credit risk.

After being anonymized and aggregated, the contributed risk estimates are mapped to the appropriate credit category on the Credit Benchmark scale, which is calibrated annually by the Methodology Committee and can be used as a comparison to the scales published by the rating agencies. Contributors can also see their submissions in their own rating scale.

Credit Benchmark produces regular data updates with history going back to 2015.

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Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.


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