Credit Consensus Data for Bank Credit Risk Management

  The Client
A major UK-based bank.

The Challenge
Leveraging external data in the end-to-end client risk management lifecycle, including origination, initial onboarding, annual reviews, early warning framework, thematic portfolio insights and distribution.

The Solution
Credit Benchmark’s comprehensive coverage at an individual entity and portfolio level has allowed the bank to embed the data in a systematic manner across the client lifecycle. When compared to existing external data sources, Credit Benchmark’s coverage was in excess of 75% of balance sheet utilisation and as such able to provide meaningful insights across the portfolio. Additionally, due to the data exchange model where the bank received access to the full dataset (not just where there is overlap with their portfolio), Credit Benchmark’s data has been a valuable source of insight on the broader market both at the point of inception of the client relationship and throughout the traditional lifecycle.

Credit Benchmark’s thematic portfolio analysis has been embedded in a myriad of different senior management forums, allowing extensive use of the dataset and custom reporting suite to provide pertinent and valuable insights into the performance of the bank’s portfolio.

Seamless integration of the bank’s data with the Credit Benchmark’s outputs has been key to successful implementation, including utilising the fortnightly updates as a key input into an Early Warning framework.