Senate subcommittee calls for structured finance probe

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The structured finance businesses of leading financial institutions in the US may face a major business practice investigation in the next six months, with top US regulators set to introduce a new code of governance for structured finance deals by the year-end.

The move follows a call by a Senate subcommittee for federal regulators to prevent future “misconduct” similar to that allegedly perpetrated by JP Morgan Chase, Citigroup and Merrill Lynch related to a number of their transactions wit

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