Richard Heckinger
Former Vice-president and Senior Policy Adviser, Financial Markets Group, at the Federal Reserve Bank of Chicago
Richard Heckinger retired in 2015 as Vice-president and Senior Policy Adviser, Financial Markets Group, at the Federal Reserve Bank of Chicago, having started his career in 1973 at the Chicago Board Options Exchange. He held executive positions at exchanges, clearing houses and depositories in the US, Canada, UK and Hong Kong. He served on numerous international committees and working groups.
Presently, he is a Contributing Editor, Central Banking journal, Associate Editor, Journal of Financial Market Infrastructure and a Member, Editorial Advisory Board of the Global Commodities Applied Research Digest. He earned an MPhil in Economics, London School of Economics, a BA in Mathematics from the Illinois State University, completed the Advanced Management Course at the University of Chicago and served in the U.S. Army (Infantry).
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Articles by Richard Heckinger
The financial sanctions maze
Anyone affected by Russia-related sanctions knows patience and caution are strongly advised, writes Richard Heckinger
Quantum computing: ready for prime time?
Central banks should add QC to their strategic planning, despite it being a work in progress
El Salvador’s bitcoin currency experiment
Move by first nation to approve bitcoin as legal tender raises important issues
New Isda ‘fallbacks’ critical to making Libor transition a ‘non-event’
New protocol and supplement offer a transition away from Libor rates in 2021
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Is the US dismantling Dodd-Frank?
Richard Heckinger asks whether recent amendments to the Dodd-Frank Act amount to technical tweaks or full-scale rollback
How crypto is my currency?
Richard Heckinger examines how central banks are grappling with new ideas on crypto-currency and distributed ledgers
Fixing the ‘perverse incentives’ in the SLR
Richard Heckinger warns supplementary leverage ratio could discourage use of CCPs
Should banks hold cocos or other kinds of buffers?
Richard Heckinger examines the merits of contingent convertible bonds
Credit, liquidity and collateral versus more intermediation
Richard Heckinger examines the costs and benefits of complex regulations