Argyris Kahros is currently a Senior Oversight Expert at the European Central Bank where he works in the Market Infrastructure and Payments directorate. He received his PhD in physical chemistry from the University of California, Los Angeles with a thesis involving the development of models for the accurate and efficient simulation of chemical systems. Since joining Oversight at the ECB he has focused on analytical work for informing policy discussion on financial market infrastructures, including via international working groups. His current research interests include the accurate stress testing of FMIs, CCP risk management, and understanding, more broadly, the existing exposures and inherent risk in the centrally-cleared derivatives landscape.
The authors present the findings of a detailed descriptive analysis of client clearing activity for derivatives in the euro area, as well as that of clearing members more broadly.