Canary Wharf’s jumbo uncertainty

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The turmoil hitting the markets with regard to credit due diligence and off-balance sheet businesses may be harmful for the securitisation industry. Only last month, a JP Morgan study highlighted the corporate risk of asset-backed securities in potentially weakening a company’s balance sheet.

Launching a property securitisation in a market of such uncertainty may have been a millstone around the neck of Canary Wharf, but the deal overcame any concerns that some investors had and was seen as a

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