The European Association of CCP Clearing Houses published a profile interview with Cindy Hull, Vice-President and Head of the Financial Markets Group at the Federal Reserve Bank of Chicago, covering her views on how innovation may shape central clearing over the next decade and the types of financial stability questions it raises. Hull describes market participants in the clearing ecosystem investing in cloud-based infrastructure, artificial intelligence and distributed ledger technology (DLT) to reduce costs, manage risk and develop new revenue opportunities. On DLT, she notes uncertainty about whether it will become widely adopted, including through greater tokenisation of assets, and flags the need for ongoing research into implications for credit, liquidity and operational risks in cleared markets and broader financial stability. The interview also includes career development reflections, including the importance of advocating for one’s capabilities, excelling in day-to-day roles, and pursuing larger projects that can enable “transformational” career steps.
European Association of CCP Clearing Houses 2025-08-08
European Association of CCP Clearing Houses publishes interview with Federal Reserve Bank of Chicago’s Cindy Hull on technology and the future of clearing
The European Association of CCP Clearing Houses published an interview with Cindy Hull of the Federal Reserve Bank of Chicago on innovation's impact on central clearing and financial stability. Hull highlights investments in cloud, AI, and distributed ledger technology to reduce costs and manage risks, noting uncertainty about DLT's widespread adoption and its implications for credit, liquidity, and operational risks. The interview also covers career development, emphasizing advocacy, excellence in daily roles, and pursuing transformational projects.