Working Committees

Member

CME Group

Position

Senior Director, Post-Trade Services & Risk

Bio

Ryan Hanley has served as Senior Director, Post-Trade Services & Risk for CME Group since 2018. He joined the company in 2010 and has since held various leadership roles. Mr. Hanley currently leads Operational Risk Management, Default Management Operations, and Operational Resilience for CME Clearing. Mr. Hanley has served as Co-Chair on the CCP Global Operations Working Committee since August 2022.

Member

Eurex Clearing Group

Position

Director, Clearing Design

Bio

Elizabeth Regan has 25+ years of experience in financial markets, focusing on trading and clearing. Throughout her career, she has worked in diverse roles including sales, product marketing, training, business development and clearing design. Driven to be a subject-matter expert, her responsibilities have focused on the functional and legal design of admission requirements, segregation models, porting processes and collateral management.

Member

Japan Securities Clearing Corporation (JSCC)

Position

Chief Manager, Listed Products Clearing Service

Bio

Shohei Yamagata is a seasoned financial professional with 15 years of experience in financial market infrastructures, including JPX, KRX and JSCC, where he currently leads risk management, collateral management and clearing services for cash equities as well as financial and commodity futures & options. Prior to this, Shohei was a manager in global business development at JPX, collaborating with exchanges and regulatory authorities in Asia and the Middle East to enhance their financial markets, including post-trade services.

Member

Shanghai Clearing House

Position

Head of RMB & FX Clearing Department

Bio

Zhang Lei joined Shanghai Clearing House (SHCH) since 2010. She is the head of RMB & FX Clearing Department and in charge of clearing business for interest, credit and FX derivatives in China interbank market. With extensive experience in operation of financial market infrastructures, she has profound expertise across fields including OTC financial derivatives, commodities, trading and clearing of carbon emission products. Before joining SHCH, she worked at China Foreign Exchange Trade System (CFETS).

CCP Global

Position

Risk Policy Advisor

Bio

Nathan has spent the last decade working in the world of clearing; after 9 years at Eurex in Frankfurt, he recently joined CCP Global in Amsterdam at the end of 2024 as the association’s Risk Policy Advisor. In his previous role, Nathan co-managed the Clearing Strategy & Initiatives unit of ECAG, and also served as the co-chair of the CCPG Public Quantitative Disclosure (PQD) Working Committee.

Member

Options Clearing Corporation

Position

Lead Associate Principal, Financial Risk Oversight

Bio

Austin Deardorff has nearly a decade of financial services and risk management experience, including over 5 years on an Agriculture commodities OTC desk. Since 2023 he has led OCC’s internal PQD analysis and publication, and he was the initiating force behind the creation of CCP Global’s PQD Retention Policy. Austin’s expertise is seamlessly blending technical knowledge with market and risk management concepts. In 2024 he was recognized within OCC for his notable contribution to the enhancement of OCC’s collateral acceptance policy.

Member

Shanghai Clearing House

Position

Deputy Head of Risk Management Department

Bio

Yu Guo joined Shanghai Clearing House (SHCH) in 2010. He is the deputy head of Risk Management Department. He is responsible for developing and implementing the company’s CCP risk management policies and procedures to address credit risk, market risk, liquidity risk, and default management. Additionally, he oversees quantitative model development and various SHCH’s risk management value-added services for China’s OTC financial market.

Member

CME Group

Position

Senior Director, Clearing Policy & Market Structure

Bio

Robert Taylor is responsible for navigating clearing market structure changes and leading successful regulatory approval efforts for major CME Clearing initiatives; including the CME-FICC Enhanced Cross-Margining program, approved and launched in January 2024, and the creation of the CME Public Quantitative Disclosures first published in 2015.  Mr. Taylor has enjoyed a 20-year history in capital markets, working initially across fixed income and securitization markets at Societe Generale Corporate & Investment Bank, and currently in derivatives markets at CME Group.

CCP Global

Position

Policy Advisor

Member

CME Group

Position

Senior Director, Risk Policy, Recovery & Resolution

Bio

Ms. Emily Hendrix represents CME Group’s clearing house risk management policy efforts, supporting initiatives that cover global regulatory developments. Ms. Hendrix also leads the clearing house’s recovery and wind-down planning and second line function for model risk management. Ms. Hendrix is currently based in Chicago. Over the course of her career with CME Group, she has also been based in Washington, D.C. and London.

Member

London Stock Exchange Group (LSEG)

Position

Senior Manager, Government Relations & Regulatory Strategy – Post Trade, LSEG

Bio

Thanos is a financial services professional with 15 years of experience in the regulatory, technology and operations field in the banking industry. At the Regulatory Strategy and Government Relations division at LSEG, Thanos is closely monitoring post-trade related regulatory developments covering all clearing, settlement, and risk management related files.

Member

Japan Securities Clearing Corporation (JSCC)

Position

Director, Global Policy and Regulation, OTC Derivative Clearing Service

Bio

Tetsuo Otashiro has been a key leader in regulatory and policy matters at Japan Securities Clearing Corporation (JSCC) for over a decade. His efforts have secured JSCC’s licensing as a central counterparty in multiple jurisdictions, including the US, EU, UK, Switzerland, Canada, Hong Kong, and Australia, across various clearing services such as cash equities, exchange derivatives, OTC swaps, and government bond repos. He has also driven business development for OTC interest rate swap clearing services. In 2023, he was appointed as a member of the Global Market Advisory Committee of the U.S. CFTC.

CCP Global

Position

Risk Policy Advisor

Bio

Nathan has spent the last decade working in the world of clearing; after 9 years at Eurex in Frankfurt, he recently joined CCP Global in Amsterdam at the end of 2024 as the association’s Risk Policy Advisor. In his previous role, Nathan co-managed the Clearing Strategy & Initiatives unit of ECAG, and also served as the co-chair of the CCPG Public Quantitative Disclosure (PQD) Working Committee.

Member

Australian Securities Exchange Ltd (ASX)

Position

General Manager – Clearing Risk Quantification & Oversight

Member

Eurex

Position

Global Head of Models and Analytics

Bio

Adam Olszewski is the Global Head of Models and Analytics at Eurex, Deutsche Börse Group. This group comprises teams of a quants and risk managers who develop and maintain financial models related to pricing, margining, stress testing and other risk analytics. Prior to joining Eurex, Adam has held senior roles at CME Group and Commerzbank.

Member

Singapore Exchange (SGX)

Position

Risk Management

Bio

Ms. Elaine Tang has over two decades of experience in risk management within the derivatives market at the Singapore Exchange (SGX). She currently leads the securities clearing and settlement team, having previously managed SGX’s default management efforts and supervised risk monitoring in the securities market. She has also played a pivotal role in fortifying SGX’s governance structure by establishing the Risk Advisory Committee. Her strong domain knowledge has also seen her serve as co-chair of the PQD working group, working closely with CCP Global towards the implementation of the CPMI-IOSCO quantitative disclosure.