FMI and Fintech: Oversight and Innovation in Payments and Settlements 2021 - main page

FMI and Fintech: Oversight and Innovation in Payments and Settlements

FMI and Fintech: Oversight and Innovation in Payments and Settlements

May 17 - 20

Chair: Richard Heckinger, former Vice President and Senior Policy Adviser, Federal Reserve Bank of Chicago

US timezone: 8am-11am (ET) |1pm-4pm (GMT) | 9pm-12am (SGT) 

Learning outcomes

At the conclusion of the training, participants will be able to:

  • Understand how financial market infrastructures are responding to innovation
  • Assess the key challenges facing FMIs such as bigtech, CBDCs and DLT
  • Assess the opportunities for improving cross-order payments
  • Analyse the opportunities that Suptech is creating for FMIs
  • Apply network analytics to FMI design and oversight  

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Richard Heckinger

Vice President

Federal Reserve Bank of Chicago (retired)

Richard Heckinger is a financial markets management professional.  He retired in 2015 as Vice President and Senior Policy Advisor, Financial Markets Group, at the Federal Reserve Bank of Chicago. He started his career in financial markets at the Chicago Board Options Exchange in 1973, with subsequent executive positions at the Montreal (Stock) Exchange, the Chicago Mercantile Exchange as Clearing House Manager, and as Vice President, Financial Marketing, with a four-year posting in its London Representative Office.  Following that, he was Chief Operating Officer and Council (Board) Member of the Stock Exchange of Hong Kong, and eventually Chief Executive and Board Member of its subsidiary, the Hong Kong Securities Clearing Corporation.  After six years in Hong Kong he joined State Street Corp. in Boston as Senior Vice President, Global Operations.  Other experience includes Head of the U.S. Representative Office for Deutsche Börse AG and Eurex. He has served on international committees, including a Federal Reserve Bank of New York working group, the OTC Derivatives Regulators’ Forum, SWIFT, and the International Securities Services Association (ISSA).  Presently, he is a Contributing Editor to the Central Banking Journal, Associate Editor of the Journal of Financial Market Infrastructure and a Member of the Editorial Advisory Board of the Global Commodities Applied Research Digest.  He earned an M.Phil. degree in Economics from the London School of Economics, a B.A. degree in Mathematics from the Illinois State University, is a U.S. Army (Infantry) veteran and completed the Advanced Management Course at the University of Chicago.