Resigned to reform, Wall St tries a different tack in DC

In March, as US bank regulators were framing a new rule that would affect the US$630 trillion derivatives market, JPMorgan Chase sent five bankers from New York and London to Washington to raise some fine points about the impact of the financial reform.

In a jargon-laden, 23-slide presentation, the JPMorgan bankers walked regulators through the complexities of how their decisions would affect the arcane market, according to documents and a person familiar with the meeting.

via Business feed http://www.scmp.com/business/banking-finance/article/1288995/resigned-reform-wall-st-tries-different-tack-dc