A new survey from PR and investor relations agency Makovsky + Co reveals that a majority of Fortune 1000 executives support financial reform. In fact, only 28% of senior executives, on average, believe proposed financial reform legislation will have a negative impact on the U.S. economy.
The survey, commissioned by Harris Interactive, also found the following:
72% support regulating credit rating agencies
69% agree with proposals to close regulatory loopholes for derivatives and other complex investment packages
68% support the creation of a consumer protection agency
66% back the formation of a new regulatory agency to assess risk at financial institutions
66% agree with strengthening bank supervision
“Given the backdrop, and the fact that the survey also shows that 64% of executives believe the U.S. is on the wrong track, the financial crisis and slow economic recovery may still be at the root of executive concerns, thereby correlating with their support for financial reforms as a remedy,” said Scott Tangney, Executive Vice President and head of the financial and professional services practice at Makovsky + Company.
Makovsky counts Citibank-Citicorp, JPMorgan Chase and Merrill Lynch as clients. Full release after the jump.