Here is some words from teacher :
For your paper you are to select one of these changes and analyze it. Select an issue (or part of an issue) which is possible to you to sufficiently grasp and analyze. For example, the Dodd Frank Act is much too broad, at 1000+ pages, to tackle, so taking one aspect of the Act, such as the so-called Volker Rule, or the limitation on credit ratings might be more reasonable to tackle. Your selection can extend beyond this list, to examine other actions and can include those in markets outside the US, subject to the approval of the facilitator.
Papers should be between 12 and 15 pages double spaced, and 15 should be considered a reasonable maximum. Papers MUST include a bibliography of sources cited. Any direct or indirect quoting or paraphrasing of other material MUST be footnoted. While facts and information will underlie the discussion, the key to this assignment is your analysis and conclusions regarding the topic. The analysis should at a minimum include:
A description of the problem or issue it was intended to address
Who, and to what degree, is affected by the action? In a positive or negative way? For example, restrictions on lending behavior affects the lenders themselves, the potential borrowers, and potentially the economy as a whole.
What has been the result of that action? Some may not be fully implemented but actions may already have been taken to address them, for example, increases in required bank capital under Basel III will not be required for several years but banks have already taken action to increase their capital).
And I select the Dodd-Frank Bill in the US as my topic for this term paper and here is the summary that I give to my teacher before and you can use some of my summary!
Summary: The 2008 U.S. financial crisis exposed U.S. problems in the regulation of systemic risks. The U.S. spent more than a year carrying out important reforms in the financial regulatory system. On July 21, 2010, Dodd-Frank Wall Street Reform and Consumer Protection Act came into effect. The bill not only greatly adjusted and strengthened the U.S. financial supervision system, but also overthrew the rule of liberalization in the financial field and further clarified the responsibilities of the government and the market. These reform plans represent the future trend of global financial supervision and will have a great impact on China’s financial supervision system. From the above research, we draw a conclusion that in order to strengthen financial supervision, we must promote four principles, namely, 1. to strengthen the innovation of supervision system 2. to strengthen systematic risk supervision 3. to strengthen macro-prudential awareness 4. to ensure the minimization of externalities 5. to protect financial consumers in a long-term and comprehensive way. Through the above reforms, financial supervision will be further strengthened.