StageSeries B - II | Alive
Last Raised$7M | 5 yrs ago
About Credit Benchmark
Credit Benchmark is an independent source of aggregated financial intelligence, representing the street's perspective on credit risk in publicly and privately held firms. The firm pools credit risk estimates from global banks, enabling them to view their own estimates in the context of a robust industry consensus, where interests are aligned. The Credit Benchmark platform offers full coverage of the entities that matter to banks, extending beyond sovereigns, banks and rated corporates into funds, emerging markets and the large unrated universe. The company currently produces estimates for probability of default (PD) and loss given default (LGD), which are critical metrics for risk management and the financial markets more broadly.
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Credit Benchmark's Products & Differentiators
Credit Benchmark Data Service
A specific service we provide to our contributor data partners (financial institutions), where we ingest their data to use to create the credit benchmark consensus data, and offer the contributors enhanced analytics service
Research containing Credit Benchmark
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Credit Benchmark in 1 CB Insights research brief, most recently on Oct 19, 2022.
Expert Collections containing Credit Benchmark
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Credit Benchmark is included in 4 Expert Collections, including Regtech.
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
Capital Markets Tech
Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
Latest Credit Benchmark News
Sep 16, 2022
Securities lending reg reforms could hike European buy-side trading costs by €40 billion, report finds Credit Benchmark found cost of capital for banks could rise fivefold when undertaking securities financing activity with pension and mutual funds. Trading costs for the European buy-side could be set to hike up by up to €40 billion due to new securities lending regulation, a report by Credit Benchmark has found. Incoming Basel regulation due to come into play in 2025 is expected to see high quality credits that have no external rating jump in risk weight to 100%. The rise will result in a dramatic increase in capital requirements. Following concerns raised from industry participants around the impending changes to risk weights, the European Commission has proposed that there should be a transitional arrangement for unrated corporates and funds whereby internal ratings based (IRB) institutions would apply a preferential risk weight of 65% to their corporate and fund exposures that do not have an external rating, provided those exposures have a probability of default of less or equal to 50 basis points. However, according to Credit Benchmark’s report even with this transitional arrangement, the new rules will have a “dramatic” impact on the buy-side that will see spreads widened and liquidity lessened. The firm predicts that the changes will see lending out of securities for general collateral (GC) cease due to a reduction in the annualised €1.2 billion income that European savers currently receive. They could also spark a decline in securities financing activity that Credit Benchmark predicts will dry up market liquidity. The result could be a range of widening spreads that could see trading costs for the buy-side rise anywhere from €20 to €40 billion per year. “As costs increase there is likely to be some depressing impact on volume, although it is not clear what the sensitivity of this is likely to be,” said Thomas Aubrey, risk advisor at Credit Benchmark, and author of the report.
Credit Benchmark Frequently Asked Questions (FAQ)
When was Credit Benchmark founded?
Credit Benchmark was founded in 2012.
Where is Credit Benchmark's headquarters?
Credit Benchmark's headquarters is located at 131 Finsbury Pavement, London.
What is Credit Benchmark's latest funding round?
Credit Benchmark's latest funding round is Series B - II.
How much did Credit Benchmark raise?
Credit Benchmark raised a total of $34M.
Who are the investors of Credit Benchmark?
Investors of Credit Benchmark include Index Ventures, Balderton Capital, Communitas Capital and Michael Sherwood.
Who are Credit Benchmark's competitors?
Competitors of Credit Benchmark include Reorg, Moody's, Credit-Vision, Dun & Bradstreet, Fitch Group and 7 more.
What products does Credit Benchmark offer?
Credit Benchmark's products include Credit Benchmark Data Service and 1 more.
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