Maria Baird leads a Payments & Technology team in the Supervision and Regulation Department at the Federal Reserve Bank of Chicago. The team focuses on evaluating new payment technologies and their potential impact on supervised firms. Prior to taking on this role, Ms. Baird was a Lead Payment, Clearing, and Settlement Risk Management Specialist on the Chicago Fed’s Financial Market Utility supervisory team. Since joining the Chicago Fed in 2009, she has also served as Central Point of Contact for a portfolio of Insurance Savings and Loan Holding Companies and as a dedicated team member for a large bank supervisory team. Ms. Baird’s supervisory experience began at the Federal Reserve Bank of New York where she held a variety of positions in both its Supervision and Regulation Department and its Payments Policy Group. In between working at the NY and Chicago Reserve Banks, she worked for SunTrust Bank as a Vice President of Finance. Maria has an MBA in Finance from the University of Chicago Booth School of Business and a BA in Asian Studies from the University of Pennsylvania.
This paper examines how DLT can be used in the area of PCS, and identifies both the opportunities and challenges associated with its long-term implementation and adoption.