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Ms.
Tavakoli pointed out grave flaws
in the methodology
for
rating
structured
financial products in her books, Structured
Finance & Collateralized Debt Obligations (2003,
2008), and Credit Derivatives (1998, 2001). She
wrote the first letter the SEC posted in February 2007 in
response to its proposed rules for the credit rating
agencies; she made the case that the NRSRO designation for
the rating agencies should be revoked for structured financial
products.
Ms.
Tavakoli is frequently published and quoted in financial
journals including The Wall Street Journal, The Financial
Times, Business Week, Fortune, Global Risk Review, RISK,
IDD, Chicago Tribune, Los Angeles Times, LIPPER HedgeWorld,
Asset Securitization Report, Journal of Structured Finance,
Investor Dealers' Digest, International Securitization Report,
Bloomberg News, Bloomberg Magazine, Credit, Derivatives Week,
TheStreet.com,
Finance World, and others.
Frequent television appearances include CNN,
CNBC, BNN, CBS Evening News, Bloomberg TV and First
Business Morning News.
Ms. Tavakoli is a world
renowned author and speaker
on derivative
products and securities and their risks and rewards. She has
appeared as an expert before forums of the International Monetary
Fund,
the
Federal Reserve Bank, the
Office of the Comptroller of the
Currency, and the Securities and Exchange Commission.
Tavakoli
is a former adjunct associate professor of finance at the University
of Chicago's Graduate School of
Business where she taught "Derivatives: Futures, Forwards,
Options and Swaps".
Janet Tavakoli
has over 22 years of Wall Street experience in
finance. Tavakoli has traded,
structured and sold derivatives and structured products
at
major financial institutions in New York and London. Prior to
that, Tavakoli was the manager of financial strategic planning
for two Fortune 500 companies.
Janet Tavakoli is the former Executive
Director, Head of Financial Engineering in the Global Financial
Markets
Division at Westdeutsche Landesbank in London. She headed market
risk management for the capital markets group for Bank One
in
Chicago. Tavakoli headed the asset swap trading desk at Merrill
Lynch in New York, headed mortgage backed securities marketing
for Merrill Lynch in New York, and headed mortgage backed securities
marketing to Japanese clients for PaineWebber in New York.
She also worked for Bear Stearns heading marketing for quantitative
research.
Ms. Tavakoli also provides expert consulting
and expert witness work including exceptional quality expert
report writing and crisp, persuasive testimony. Plaintiff
engagements include Bank of America N.A. et al. v. Bartmann,
JPM Chase, et
al. Total
claims
in the consolidated litigation exceeded $1.2 billion.
Engagements include representatives of
plaintiffs
or
defendants
depending
on the issues.
During
her career, she has been registered and licensed with the SFA,
NASD, ASE, CBOE, NYSE, PSE and the NFA
and has passed the series 7, 63 and 3 qualifying exams.
Illinois Institute
of Technology: B.S. in Chemical Engineering
University of Chicago Graduate School
of Business: MBA in Finance
Adjunct
Associate Professor of Finance [Derivatives] (1999 and 2000) at
the University of Chicago Graduate School of Business
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Janet Tavakoli is the author of the global bestseller
Credit
Derivatives and Synthetic Structures,
2nd Edition, John Wiley & Sons, 2001 (also
in Japanese and Orthodox Chinese)
Merton H. Miller, winner, Nobel Prize in Economics,
1990
Robert R. McCormick Distinguished Service
Professor Emeritus, University of Chicago Graduate School
of Business
"If you want to know more about credit derivatives-and
these days an increasing number of people do-then you should
read this book." |
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Collateralized
Debt Obligations & Structured Finance: New
Developments in Cash and Synthetic Securitization,
John Wiley & Sons, 2003, by Janet Tavakoli.
Currently the global bestseller in the field.
Jack Caouette, Vice Chairman MBIA Insurance Corporation
“Caveat Emptor! Never before in
the history of finance has this warning been more appropriate.
With the development of CDO’s, Credit Derivatives
and other esoteric structured finance techniques, market
participants—the savvy as well as the novice—are
exposed to a bewildering array of new ideas, concepts and
structures. Janet Tavakoli has tackled these subjects in
an outstanding mixture of exposition, mathematics and skepticism.
A must read for anyone who plans to play in these markets.” |
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