Current Developments in Monetary and Financial Law, Volume 6
Back Matter

Back Matter

Author(s):
International Monetary Fund. Legal Dept.
Published Date:
February 2013
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    Biographical Sketches

    Jeffery Atik is a Professor of Law and Sayre Macneil Fellow. He as an AB, with Distinction from the University of California, Berkeley, a J.D. from Yale Law School, and a Ph.D. from Universidad Autonoma de Madrid. Jeffery Atik writes on international finance, international trade, international intellectual property and regulatory competition issues involving NAFTA, the European Union and the WTO. Atik has also taught at Berkeley (Boalt Hall), Boston College, Indiana-Bloomington, Lund (Sweden), Suffolk, and UCLA law schools, and at Washington-St. Louis and The Fletcher School of Law and Diplomacy. Atik is a member of the United States’ NAFTA Chapter 19 roster and has served on three NAFTA binational panels, including the review in Softwood Lumber from Canada. He practiced law with Shearman & Sterling (New York), Testa Hurwitz (Boston), and Brown & Dobson (Milan). He is a member of the New York, Connecticut, Massachusetts and Missouri bars.

    Sumant Batra is President of INSOL International. Mr. Batra is an eminent Indian corporate lawyer and an international expert in his areas of speacialization. He is managing partner of Kesar Dass B. & Associates, a leading Indian commercial law firm. Sumant is consultant to the International Monetary Fund, the World Bank and the OECD. He sits on the board or council of prestigious global and national bodies. He writes frequently for The Economic Times and a number of global magazines and journals.

    Linda M. Beale received a B.S. degree in chemistry magna cum laude from Duke University, an M.A. and Ph.D. in linguistics from Cornell, where she was a Herbert Lehman Fellow, a J.D. summa cum laude from Cornell Law School, and an LLM in taxation from New York University. Prior to her entry in law teaching, Professor Beale clerked with Judge Dorothy Nelson on the Ninth Circuit and worked at Cleary, Gottlieb, Steen & Hamilton in New York (with one year in Washington, D.C.) as a tax associate. Her work with Cleary’s many financial institution and multinational corporate clients included a wide range of tax issues such as securitizations, partnerships, and cross-border corporate mergers and acquisitions. She has also served as a congressional staffer, a Peace Corps volunteer in Colombia, and a university administrator at Binghamton University.

    Professor Beale’s scholarship has focused on various aspects of corporate tax shelters, proposing more transparent financial reporting of aggressive tax transactions and higher standards for taxpayers and tax advisers as a means of discouraging the tax minimization norm that facilitates aggressive tax positions. She has also written and spoken extensively about the patenting of tax strategies, most recently at the Drake-Tundra 2009 Intellectual Property Roundtable, and serves on the ABA Tax Section’s task force on tax strategy patents. Her scholarship can be accessed through SSRN at http://ssrn.com/author=83521. Professor Beale also maintains a weblog, http://ataxingmatter.blogs.com/tax/, dedicated to discussion of tax and budgetary matters in the context of the demands of democratic egalitarianism.

    Rita M. Bolger is Senior Vice President, Global Regulatory Affairs and Associate General Counsel for Standard & Poor’s and has served in this role since December 2001. Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., is a global leader in providing independent credit rating opinions, research, investment data, and analytical services. Ms. Bolger has global responsibility for Standard & Poor’s relationships and policies with respect to government and regulatory authorities, as well as legal regulatory issues for Standard & Poor’s regulated business units.

    Prior to assuming her current position, Ms. Bolger was Managing Director and Associate General Counsel for Standard & Poor’s Ratings Services where she had worldwide responsibility for Ratings Services’ legal regulatory affairs. She joined Standard & Poor’s in 1990 and held positions in the Ratings Services’ legal department responsible for many aspects of the ratings business. Prior to joining Standard & Poor’s, Ms. Bolger was associated with the law firm of Dechert, Price & Rhoads where she advised Standard & Poor’s on many aspects of the ratings business. Ms. Bolger holds a bachelors degree in Government from Smith College and a law degree from Tulane University School of Law.

    Filippo Chiodini is a Ph.D. candidate at the University of Genoa Law School and Research Fellow at the Genoa Center for Law and Finance. He graduated magna cum laude from Genoa Law School in 2007. A lawyer, he is an associate at the law firm Bonelli Erede Pappalardo, practicing commercial, corporate, banking and insolvency law. He is part of the UniCredit Forum on European Banking Groups.

    Guido Ferrarini is Professor of Business Law at the University of Genoa and Director of Genoa Centre for Law and Finance. He graduated from Genoa Law School in 1972; LL.M., Yale Law School, 1978. In 2009, he was awarded a Dr. jur.h.c. from Ghent University. He is presently Visiting Professor at Stanford Law School. He was a Visiting Professor at Bonn University, Cambridge University, Columbia Law School, Duisenberg School of Finance, Frankfurt University, Ghent University, Hamburg University, New York University Law School, Tilburg University, and University College London. A lawyer, he was admitted to the Supreme Court of Cassation. He is Fellow and Board Member of the European Corporate Governance Institute (ECGI) in Brussels. He was a member of the Board of Trustees, International Accounting Standards Committee (IASC) and an advisor to the Corporate Governance Committee of the Italian Stock Exchange. Prof. Ferrarini is the author of various books and articles in the fields of financial law, corporate law, and business law.

    Sean Hagan is General Counsel and Director of the Legal Department at the International Monetary Fund. In this capacity, Mr. Hagan advises the Fund’s management, Executive Board and membership on all legal aspects of the Fund’s operations, including its regulatory, advisory and lending functions. Mr. Hagan has published extensively on both the law of the Fund and a broad range of legal issues relating to the prevention and resolution of financial crisis, with a particular emphasis on insolvency and the restructuring of debt, including sovereign debt.

    Prior to beginning work at the IMF, Mr. Hagan was in private practice, first in New York and subsequently in Tokyo. Mr. Hagan received his Juris Doctor from the Georgetown University Law Center and also received a Master of Science in International Political Economy from the London School of Economics and Political Science.

    Tomohiro Hirano is an assistant professor of the University of Tokyo. He received the degree of Doctor of Economics from the University of Tokyo in 2010. Previously, he was a research fellow at the Financial Services Agency of Japan for three years. His research area is financial frictions and macroeconomics. In particular, he has written papers on asset price bubbles, such as “Asset Bubbles, Endogenous Growth, and Financial Frictions,” “Financial Institutions, Asset Bubbles and Economic Performance,” and “Asset Bubbles and Bailouts” with Noriyuki Yanagawa, the University of Tokyo.

    Friedrich Kübler is a Professor at the University of Pennsylvania Law School. Mr. Kübler is an expert on corporations, banking and mass media. He has written or co-written more than 20 books and other independent publications and has published more than 100 articles in contract and property law; corporations, banking and securities regulation; and mass media and legal theory, many of them comparing American with European legal structures. His textbook on German corporate law has seen six editions and was recently translated into Spanish. Last year, he published a textbook on German Mass Media Law. He is a member of the American Law Institute and has served on the boards of the Deutscher Juristentag (the German institution corresponding to the American Law Institute) and the German Association of Comparative Law. He was a Commissioner of the German Interstate Commission for the Regulation of Media Concentration and served on the board of the Hessian Public Service Broadcasting Entity. He is a member of the European Shadow Financial Regulatory Committee and of the Frankfurt Academy of Sciences.

    Luc Laeven is Deputy Division Chief in the Research Department of the International Monetary Fund. Prior to this, he was a Senior Economist at the World Bank. His research focuses on international banking and corporate finance issues and has been published in top academic journals, including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Review of Economics and Statistics. He has also co-edited a book on Systemic Financial Crises: Containment and Resolution published by Cambridge University Press and a Reader on International Corporate Finance. He is a Research Fellow of the Centre for Economic Policy Research (CEPR) in London and has studied at Tilburg University, the University of Amsterdam, and the London School of Economics.

    Thomas Laryea is a partner in the international law firm, SNR Denton. Prior to joining the firm, he held the position of Assistant General Counsel at the IMF. He received his legal education in England and the United States. His doctoral thesis is in international civil procedure. He started his legal career with Supplivan & Cromwell in New York and London. He has taught European Union Law at the University of London, School of Oriental and African Studies and is a frequent speaker on international finance, debt restructuring and financial regulatory reform. His practice at SNR Denton includes advice to government and private sector clients in their dealings with multilateral financial institutions and foreign investment, with a specialty on Africa.

    Jerry W. Markham is a Professor of Law, Florida International University at Miami. Mr. Markham is a prolific, nationally recognized scholar and proven classroom teacher in the fields of corporate finance, banking, commodities trading, and securities regulation. He came to the Florida International University College of Law from the University of North Carolina where he was a member of the law faculty for 12 years. Before that, he served for 10 years as an adjunct professor at the Georgetown University School of Law.

    In addition to numerous law journal articles, Markham is the author of a three-volume financial history of the United States that was selected as a Choice Outstanding Academic Title in 2002. He also published a book on the Enron era scandals, and is completing a two-volume work on the subprime crisis that shook the nation in 2008. Markham has co-authored four casebooks on corporate law and banking regulation. He also has published a two-volume treatise and a history book on the law of commodity futures regulation, and was the principal coauthor of a two-volume treatise on broker-dealer regulation. Markham also served as a peer reviewer for the RAND study on fee based brokerage accounts that was commissioned by the Securities and Exchange Commission.

    Before his move to academia, Professor Markham served as secretary and counsel, Chicago Board Options Exchange, Inc.; chief counsel, Division of Enforcement, United States Commodity Futures Trading Commission; attorney, Securities and Exchange Commission; and a partner with the international firm of Rogers & Wells (now Clifford Chance) in Washington, D.C. In law school, he served as Editor-in-Chief of the Kentucky Law Journal and was named to the Order of the Coif.

    Toshiyuki Miyoshi is director of the Supervisory Planning Office at the Supervisory Bureau of Japan’s Financial Services Agency (FSA) from July 2009. He joined the FSA in 2006 as director for international banking regulations and served as member of the Basel Committee on Banking Supervision for Japan. When he was director of the FSA’s Public Relations Office from July 2007 to July 2009, he worked also as personal policy assistant to Takafumi Sato, then Commissioner (head) of the FSA, on external communications and international issues.

    Prior to joining the FSA, Mr. Miyoshi was Senior Advisor to Executive Director for Japan at the International Monetary Fund in Washington, D.C., from 2002 to 2006. He also worked on regional monetary cooperation in East Asia at the International Bureau of the Ministry of Finance, and was private secretary to Senior State Secretary for Financial Reconstruction from 1999 to 2000.

    Mr. Miyoshi graduated from the University of Tokyo in 1991 and received the degree of Master of Philosophy in Politics from the University of Oxford in 1995.

    Richard H. Neiman is Vice Chairman of the Global Financial Services Regulatory Practice at PricewaterhouseCoopers LLP. Prior to joining PwC, Mr. Neiman served as the Superintendent of Banks for the State of New York from March 2007 until May 2011. In that capacity, he was responsible for the supervision of all state-chartered depository institutions, including the majority of the U.S. branches and agencies of foreign banks. Mr. Neiman also served as Chairman of the Foreign Bank Regulatory Committee of the Conference of State Bank Supervisors.

    While serving as New York’s chief banking regulator, Mr. Neiman was appointed by U.S. House of Representatives Speaker Nancy Pelosi in November 2008 as one of five members of a Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act, including the Troubled Asset Relief Program (TARP).

    Previously, Mr. Neiman served as executive vice president and general counsel of TD Waterhouse Group, a major broker/dealer and president and CEO of its affiliated national bank TD Bank USA. Earlier, he was general counsel of the global equities group at Citibank, and a director in the regulatory advisory services practice of what was then Price Waterhouse LLP. He began his career in the Office of the Comptroller of the Currency in Washington, DC, serving initially as a staff attorney and then as special assistant to the chief counsel.

    He currently serves as an advisory board member at Columbia Business School’s Chinese Business Initiative and as a member of the Bretton Woods Committee. He also serves on the board of the Harlem Educational Activities Fund (a mentoring and college preparatory organization) and on the advisory board of the Henry Street Settlement, one of New York’s oldest social services organizations.

    In 2010, Mr. Neiman received the Foreign Policy Association’s Medal for Public Service, a distinguished honor whose prior recipients have included Treasury Secretary Timothy Geithner and New York City Mayor Michael Bloomberg. In 2009, he received the Distinguished Public Service Award from the Rockefeller College of Public Affairs and Policy.

    Michael Nonaka is an associate in Covington and Burling LLP’s Financial Institutions practice group in Washington, D.C. He represents banks and other financial institutions on a wide variety of bank regulatory, enforcement, legislative and policy issues. Mr. Nonaka has extensive experience advising clients on financial services legislation such as the Dodd-Frank Wall Street Reform and Consumer Protection Act. He is a graduate of the University of Pennsylvania Law School.

    Prof. Soogeun Oh of Ewha Womans University, Seoul, Korea is a leading scholar in insolvency law of Korea. As the chairperson of the Special Committee for the Amendment to the Insolvency Law, he drafted the Korean insolvency law of 2006.

    He has represented Korea in various international settings including UNCITRAL, FAIR and ADB seminars since 1998. He was also elected as the chairperson of the 42nd Commission session of the UNCITRAL in 2009.

    He is the author of many articles and books on insolvency law of Korea, among which “A Historical Study on Corporate Reorganization,” The Journal of Civil Cases, vol. 16 (1994); “A Conceptual Understanding on Bankruptcy Proceedings,” Commercial Law Review, vol. 17, no. 3 (1999); Bankruptcy of Large Firms and Exit Mechanisms in Korea (Korea Development Institute, 2000); “Corporate Reorganization and Rule of Law,” Journal of Public Law, vol. 29, no. 2 (2001); “An Overview of the New Korean Insolvency Law” Norton Journal of Bankruptcy Law and Practice, vol. 16, no. 5 (October 2007); Insolvency Law Reform 1998–2007 (2007); Understanding of Insolvency Law (2008).

    Mark Sobel is Deputy Assistant Secretary for International Finance, U.S. Department of the Treasury. Mark Sobel has also served as Acting Assistant Secretary for International Affairs. He is also the Deputy Assistant Secretary for International Monetary and Financial Policy in the U.S. Treasury Department. In this capacity, Mr. Sobel advises senior Treasury officials on a range of issues: coordinating the Department’s participation in the G-7/20, overseeing U.S. positions on financial and institutional policies in the IMF, providing analyses on U.S. balance of payments developments, managing the Exchange Stabilization Fund, developing foreign exchange policy and formulating international banking and securities market policies. In this latter regard, he oversees technical level discussions between the U.S. and the European Commission in the context of the Financial Market and Regulatory Dialogue, chairs financial regulatory discussions with Japan, China, Mexico, Canada and Australia, and leads the Department’s preparations for the Financial Stability Board. Mr. Sobel has worked at the Department for over two decades. Prior to assuming his current position in 2000, Mr. Sobel served, inter alia, in the U.S. office at the IMF, and was Director of the Department’s International Monetary Policy and Transition Economy office.

    Shinjiro Takagi has been an advisor of Nomura Securities Co., Ltd., since 2007. He was admitted to Japanese bar in 1963. After being in private practice for 25 years, he moved to the bench as the Judge of Tokyo District Court in 1988, the President & Chief Judge of Niigata and Yamagata District Court in 1995, and the Judge of Tokyo High Court (Court of Appeal) in 1998. He retired from the bench in 2000. After resuming private practice, he successfully reorganized a lot of big corporations.

    He was Professor of Law at Dokkyo University from 2000 to 2003 and at Chuo University Law School from 2003 to 2006. He received a Doctor of Law (Ph.D.) degree in 2002.

    He served the Chair of the Committee for Guidelines of Multi-Creditors Out of Court Workout established by the Japanese Bankers’ Association, etc., in 2001, and also chaired other two committees that were organized by Ministry of Economy, Trade and Industry from 2001 to 2003, i.e., the Advisory Committee regarding Law Reformations including Corporate Reorganization Law and the Drafting Committee of Guidelines for Early Business Revitalization.

    He was Chair of Industrial Revitalization Corporation of Japan from 2003 to 2007. He is the chair of the Selecting Committee of the Presiding Professionals of Business Reorganization Alternative Dispute Resolution since 2008.

    He wrote numerous books and articles regarding Japanese and foreign insolvency and other related matters.

    D. Jean Veta is a partner in the law firm of Covington and Burling LLP. Her litigation and regulatory practice focuses on civil and regulatory enforcement matters, government investigations, internal corporate investigations, and congressional investigations, primarily on behalf of financial institutions and their officers and directors. She has served as Chair of the firm’s Financial Institutions Group and is recognized by Chambers USA as a leader in the field of Financial Services Enforcement and Investigations. Ms. Veta was a finalist for Regulatory Lawyer of the year at the 2012 Chambers USA Woman in Law Awards. She also is recognized in the 2011 edition of Best Lawyers in America for banking law, is listed as one of Washington’s Super Lawyers in white collar criminal defense, and is recommended by The Legal 500 for SEC investigations and enforcement actions. Her practice includes the representation of clients on a broad array of regulatory enforcement matters, including anti-money laundering, lending discrimination, safety and soundness, and other government investigations. Prior to rejoining Covington in 2001, Ms. Veta was Deputy Associate Attorney General at the United States Department of Justice, where she was responsible for a wide range of legal and policy issues.

    José Viñals was appointed to the position of Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund on April 15, 2009. Prior to his appointment, Mr. Viñals was Deputy Governor at the Bank of Spain from July 2006.

    After joining the Bank of Spain in 1984, he held a number of senior positions and has served on a range of advisory and policy committees at the central bank and within the European Union, including as Chairman of the European Central Bank’s International Relations Committee.

    A former faculty member in the Economics Department at Stanford University, he holds a master’s degree in economics from the London School of Economics and a Ph.D. in economics from Harvard University. Mr. Viñals has published widely on macroeconomics, monetary policy, and financial issues, and is a research fellow at the Centre for Economic Policy Research.

    Arthur E. Wilmarth, Jr. is a Professor of Law, George Washington University. Professor Wilmarth joined the faculty in 1986, following 11 years in private law practice. Prior to joining the Law School, he was a partner in the Washington, D.C., office of Jones, Day, Reavis & Pogue. Professor Wilmarth teaches courses in banking law, contracts, corporations, and American constitutional history.

    He is the author of numerous articles in the fields of banking law and American constitutional history, and co-author of a book on corporate law. In 2005, the American College of Consumer Financial Services Lawyers awarded him its prize for the best law review article published in the field of consumer financial services law during the previous year.

    Professor Wilmarth has testified before committees of the U.S. Congress, the California legislature, and the D.C. Council on bank regulatory issues. In 2010, Professor Wilmarth served as a consultant for the Financial Crisis Inquiry Commission, the body created by the U.S. Congress to investigate the causes of the Financial Crisis. During 2008–09, Professor Wilmarth served as chair of the Section on Financial Institutions and Consumer Financial Services of the Association of American Law Schools, after serving as the section’s chair-elect and annual program chair during 2007–08. He is a member of the editorial board of the Journal of Banking Regulation, published by Palgrave Macmillan Ltd.

    Hiromi Yamaoka is Associate Director-General, Financial System and Bank Examination Department, Bank of Japan. He received the degrees of Bachelor of Laws from the University of Tokyo in 1986 and Master of Laws from the Boalt School of Law, University of California at Berkeley in 1990. He is admitted to the New York State Bar. He joined the Bank of Japan in 1986 and has held various positions. He was Representative in Paris during 1994–96, Head of Economic Outlook Group, Research and Statistics Department in 1997–98, Director and Senior Economist, Policy Planning Office Division I in 1998–2004, and Head of Large Bank Surveillance Division, Financial Systems and Bank Examination Department in 2006–07. Prior to taking his present position, he was Alternate Executive Director for Japan at the IMF during 2007–2010.

    Naoyuki Yoshino is Director of the Financial Research and Training Center, Financial Services Agency, Japan, and Professor, Faculty of Economics, Keio University.

    Professor Yoshino graduated from the Faculty of Economics at Tohoku University in 1973 and obtained a Ph.D. in economics from The Johns Hopkins University in 1979. He has been Visiting Scholar at the Massachusetts Institute of Technology, Visiting Lecturer at the University of Tokyo, Visiting Professor at the University of New South Wales (Australia), Fondation Nationale des Sciences Politiques (Paris) and Goteborg University (Sweden, where he received an honorary doctorate degree). He was Assistant Professor at State University of New York at Buffalo and Associate Professor at Saitama University (Japan), before he joined Keio University in 1990. He specializes in monetary and fiscal policy.

    Professor Yoshino holds board memberships and chair positions at a number of government committees, and has been Director of Financial Research and of the Training Center of the Financial Services Agency since 2004. He was selected as “World Top 100 Educators’ Award, Cambridge, UK, 2009.”

    Publications include: Yoshino, Naoyuki and Thomas Cargill, Postal Saving and Fiscal Investment in Japan, Oxford University Press, 2003; Yoshino, Naoyuki and Sahoko Kaji and Ayako Suzuki, “The Basket-Peg, Dollar-Peg and Floating Exchange Rate Regimes—A Comparative Analysis,” Journal of the Japanese and International Economy, 2004, June, Vol.18, PP183-217; Yoshino, Naoyuki and Mark Scher, Small Savings Mobilization and Asian Economic Development, M. E. Sharpe, 2005.

    Toshiki Yotsuzuka is currently a Professor of Finance at Waseda University’s Graduate School of Finance, where he teaches quantitative investment courses such as Fixed Income Investments, Hedge Fund Strategies, and Asset Allocation.

    Dr. Yotsuzuka was a Managing Director at Salomon Brothers Inc, where he worked from 1989 through 1997 in the areas of Japanese Fixed Income Arbitrage and Japanese Convertible Arbitrage. In addition to his primary responsibilities as Head of Proprietary Research and Risk Management, Dr. Yotsuzuka also served on the firm’s Global Risk Management Committee, and was a member of the Board of Directors of Salomon Swapco Inc, a AAA-rated derivatives subsidiary.

    Prior to his career at Salomon, Dr. Yotsuzuka was an Assistant Professor at the Graduate School of Business of the University of Chicago from 1987 to 1989. He returned to academia in 1997 to hold faculty positions at Hosei and Hitotsubashi Universities before moving to Waseda University in 2004.

    Dr. Yotsuzuka has also served on the Board of Directors of Simplex Holdings Inc. since 1997. He was also a Board Member at Simplex Asset Management Co. Ltd., a hedge fund firm based in Tokyo, from 1999 through 2008. Dr. Yotsuzuka received his Ph.D. in Economics from the Massachusetts Institute of Technology.

    Chiara Zilioli received her degrees of Doctor of Jurisprudence from Parma University (1984), LL.M. from Harvard University (1990), and Ph.D. in International, Community, and Comparative Law from the European University Institute in Florence (EUI) (1992).

    From 1998 to 2010, she was Head of Division at the Legal Services of the European Central Bank (ECB), firstly of the Institutional Law Division (until 2006) and then of the Legal Advice Division. During this time, she represented the ECB on the Legal Committee of the European System of Central Banks (LEGCO), the Monaco Committee on the EC monetary agreement and on the Commission-Europol-ECB Steering Group for the Fight against Counterfeiting. She has also been Chairperson of the ECB Working Group of Financial Law Experts (FLEX) and has co-chaired, together with the European Commission, the Euro Legal Tender Working Group (ELTEG).

    Chiara Zilioli has always worked at the core of European integration, having previously been a Senior Legal Counsel at the European Monetary Institute (EMI) (1995 to 1998) and, before that, a member of the Legal Services of the Council of the European Union (EU) (1989 to 1993).

    She is a lecturer of Community law and Central Banking law at the Institute for Law and Finance (Johann Wolfgang Goethe-Universität, Frankfurt) and at the Collegio Europeo di Parma. She was visiting professor at the European University Institute in Florence in 2003, and gave a specialized course at EUI’s 2012 Academy of European Law.

    She has published a variety of articles, as well as three books, on EU law and international law topics.

    As of June 2010, Chiara Zilioli is Deputy Director General of the ECB’s Directorate General HR, Budget and Organization.

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