Richard Heckinger

Richard Heckinger retired in 2015 as Vice President and Senior Policy Advisor, 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 USA, 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 M.Phil. in Economics, London School of Economics, a B.A. 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).

Articles by Richard Heckinger

Original research

Cleared margin setting at selected central counterparties

In this paper, the authors address one aspect of CCP risk management: initial margining practices. The paper provides a historical review of margining at selected CCPs as well as an overview of their current margin policies.

07 Jul 2017

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

You are currently on corporate access.

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

Alternatively you can request an individual account here