Dr. Gerardo Ferrara works as a senior advisor within the Financial Stability, Strategy and Risk (FSSR) Directorate of the Bank of England. He currently represents the Bank for various domestic and international workstreams. In addition, he leads analyses on issues related to policy discussions by using transactional level data (i.e., EMIR, SMMD, and MIFID 2 data) uniquely available to a supervisory authority. His research interests lie in the areas of market structure, market microstructure, market infrastructures, macroprudential and microprudential policies and their interactions, OTC & ETD derivatives, and repo markets. His work has been published in various peer‐reviewed journals, including, but not limited to, Journal of Finance, Journal of Financial Stability, Journal of Economic Dynamics & Control, International Journal of Finance & Economics, and Quantitative Finance. Prior to joining the Bank of England, he also worked in the private sector as a quantitative analyst, examining issues related to various areas, including asset management, risk management, and policy implementation.