Respondents were asked to assess the impact of potential regulatory reform on their businesses. Approximately 50 percent of the respondents represented the banking sector, while the remainder were from other financial institutions.
Some of the key findings include:
- More than 60 percent of respondents said business conditions were better in their sector than 1 year ago and more than 75 percent said they would be better in 2011
- Half of the executives surveyed plan to add headcount in 2010, and 48 percent expect the employment picture to be better in 2011
- More than 50 percent of the respondents said their company’s ability to get financing and raise capital had improved over the past 6 months
- Two-thirds of executives are investing for long-term growth, focusing on traditional services, emerging technologies, and mergers and acquisitions to generate growth
- Respondents said the three factors most likely to hinder economic recovery in the banking/financial services sector are continuing high unemployment, the distressed real estate market, and increased government regulation