Canada's ABCP committee confirms JPMorgan as safety net

12/28/2007 | Toronto Star, The

The committee restructuring Canada's $33-billion market for non-bank, asset-backed commercial paper revealed that JPMorgan Chase & Co., its financial adviser, will also be the funding source if the proposed plan falls short. Critics suggest the dual role may create a conflict of interest for JPMorgan.

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Toronto Star, The

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