Credit Benchmark Establishes Advisory Group To Advise On Data Development


Credit Benchmark today announced the establishment of an Advisory Group to provide guidance on the development of the company’s data and services.

The Advisory Group’s members are senior credit risk professionals and academics from Europe and North America. Current members include:

  • Thomas Aubrey, Consultant to Credit Benchmark (Chair)
  • Damiano Brigo – Independent Consultant and Professor of Quantitative Finance and Stochastic Analysis, Imperial College London
  • David Carruthers – Head of Research, Credit Benchmark
  • Tamar Joulia – Independent Consultant, Former Head of Credit Portfolio Group, ING
  • Randy Miller – Independent Consultant, Former Head of Credit Portfolio Analytics, Bank of America

The Advisory Group will offer input into how data can be optimized for banks in day-to-day credit risk management processes. It will further offer insight into how the data would be useful for academic research on credit markets.

Credit Benchmark CEO Donal Smith commented: “We are pleased that our data development and analytical services will benefit from guidance from a distinguished group of credit risk experts. This will significantly enhance the value of our outputs from a client perspective.”

Advisory Group members will only have access to published data. Contributor data is delivered by secure channels and is fully anonymized. Data on individual obligors or summary portfolios can only be published if it satisfies a comprehensive set of quorate rules agreed with all contributing banks.

The Advisory Group group held its inaugural meeting in London earlier this month.

 

Credit Benchmark

Credit Benchmark is a financial data analytics company. It gathers credit estimates from market participants in order to create a new source of credit risk data: banks’ consensus credit views. The company supplies credit data on sovereign, corporate, bank, and non-bank financial entities to global financial institutions.  Credit Benchmark is based in London with an office in New York.


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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.