Ketan B. Patel
Policy Advisor and Head of Financial Markets Risk Analysis
About
Ketan B. Patel is a policy advisor and head of financial markets risk analysis in the Financial Markets Group at the Federal Reserve Bank of Chicago. He is responsible for analyzing the public policy and financial stability implications of risks in financial markets and financial market infrastructures.
Before joining the Chicago Fed, he was chief risk officer of OTC Clearing and deputy group risk officer of Hong Kong Exchanges and Clearing Limited (HKEX). He led a division of more than 50 risk-management professionals across China, Hong Kong, Singapore, and the UK. Prior to HKEX, Patel worked at CME Group. Additionally, he served as vice chair of CCP12 and co-chair of the CCP12 Risk Working Group.
During his career, he has managed risk through several stressed market events, including the Covid-19 pandemic, the 2015 Chinese stock market collapse, the Lehman Brothers bankruptcy, the global financial crisis of 2008–09, the Refco bankruptcy, and the Sentinel Investments collapse. He has also led several post-trade initiatives (such as HKEX’s Next Gen Risk Models of VaR and Stress Testing, Stock Connect, and Bond Connect), established new central counterparties of OTC Clear HK Ltd and LME Clear, and developed the quantitative modeling and risk policy teams in the Risk Research Department at CME.
Bank Publications
Chicago Fed Insights
Chicago Fed Letter
Working papers
Policy Discussion Papers
Selected External Publications
Industry publications
Can CCPs zone in on improved margin buffers? Dynamically adjusted margin add-ons could reduce cyclical funding demands. January 4, 2021 Risk Magazine
Presentations and Other Resources
Panel Discussion: Spotlight on Clearing – presented at 2021 FIA-SIFMA AMG Forum
Adapting Market Risk Management Practices Against COVID-19 – Numerix On-Demand Webinar
