Thumbnail

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).

Follow Richard

Articles by Richard Heckinger

CCPs: too interconnected to fail?

The likely responses by national authorities to the possible failure of CCPs in stressed conditions aren't generally assured. But they may be reluctant to allow them to fail, writes Richard Heckinger

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.