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JP Morgan unwraps repackaging programme

JP Morgan Chase last month launched its first repackaging programme in an attempt to expand its market share in this $30 billion market. The e10 billion-capacity platform, named Corsair after Pierpont Morgan’s yacht, will allow it to issue repackaged products in a wide variety of jurisdictions and formats, says Stephen Stonberg, head of JP Morgan’s newly created Risk Transformation Group (RTG)

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