Landesbanken: Even Lower Rating May Be In Order
By Janet Tavakoli
Financial Times Published: December 1, 2003

Because of the guarantees, many Landesbanken engaged in otherwise unsound business practices. Many Landesbanken do not have effective global credit exposure tracking systems, collateral tracking systems, or enterprise wide integrated risk management systems.

Janet Tavakoli, President, Tavakoli Structured Finance, Chicago, IL 60601, US (Former Head of Financial Engineering, WestLB London)

END OF EXCERPT

Clients of Tavakoli Structured Finance also have access to proprietary TSF research, which is not published in any other paid or public forum.

Please click here for other articles. )