Financial execs concerned but hopeful on reform, survey finds

Nearly all executives polled by accounting firm KPMG are concerned that financial reform will be a drag on their business, but over half (52 percent) of the executives who work in finance think it could be a "net positive" for their firm.  

"A perception among these top executives that reforms are potentially a net positive suggests an acceptance that the old rules are out and a new playbook is coming from Congress," said KPMG vice audit chairman Henry Keizer, in prepared remarks. "It's likely this is an acknowledgment that some amount of regulatory reform is appropriate to further restore trust in the financial system." 

Of those who see the brighter side of reform, about half of them think it could "help grow the economy" and one-third think it will "help restore trust in the capital markets." 

Over half of them (56 percent) said reform would be "somewhat effective" in helping to avoid another financial crisis. And a majority of them (72 percent) say they have calculated the impact of anticipated reforms.