Travis Nesmith leads the Federal Reserve Board’s analysis of quantitative risk management at systemically important CCPs, focusing on margin and guaranty fund models, as well as liquidity management, across a wide range of financial markets, both securities and derivatives. He serves as a committee member for the supervision of financial market utilities, quantitative surveillance, interconnectedness risks, and financial stability respectively. In over 20 years at the Board, he has worked on a number of interagency and international groups including the FSB’s Derivatives Assessment Team and the margin group of the Principles for Financial Market Infrastructures. He holds a PhD in economics from Washington University in St. Louis. His more recent research appears in the J. of Risk & Financial Management, J. of Monetary Economics, and Studies in Nonlinear Dynamics and Econometrics. He also is an Associate Editor of Macroeconomic Dynamics.