Structured credit poll 2008: Credit derivatives - Structured credit deep in restructuring mode
Euromoney’s annual structured credit poll reveals that JPMorgan is leading a much reduced pack.
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If you believe history is written by the victors, the next chapter of the structured credit market chronicle will likely be written by JPMorgan. The US investment bank firmly stamped its name on structured credit at its inception. More than a decade on, JPMorgan has emerged as a leading force in the great structured credit clean-up thanks to its ability to reposition its business quickly.
"For clients with structured credit books, the need for liquidity is stronger than ever before. JPMorgan has a strong balance sheet and a clean book, and has avoided many of the pitfalls that have affected many others," says Guy America, European head of credit trading.