The financial reform bill brought measurable changes that led to restoration of responsibility and accountability in financial system, which gave Americans the confidence that there is a system in place to protect and work for them. It however, brought a financial burden to the financial institutions and investors thus, making the cost of doing business higher that eventually passes on to clients and customers. On the other hand, bank investors have become less profitable leading to the reduction of returns (Nexis, Lexis).

The provision on protection of consumers creates a new independent watchdog that will ensure that consumers are protected and informed adequately on financial matters. Also the systematic risk management provision brings forth monitoring and supervision of financial institution’s activities and practices to reduce the risks posed by them (Arms, Abigail).  It also calls for the elimination of the Office of thrift supervision, thus advocating its operations to be merged into other federal banking agencies. Another provision is that of executive compensation and corporate governance that gives shareholder discerning say on executive pay, which is also emphasized and outlined by any golden parachute payments brought in by change in management.

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The provision that enforces regulations on the books strengthens oversight and empowers regulators to aggressively pursue financial fraud, conflicts of interest and manipulation of the system that benefits special interests at the expense of American families and businesses (Reams, Bernard). The other provision is that which protects investors and provides tough new rules for transparency and accountability for credit rating agencies to shield investors and businesses. The Wall Street was aiming at the creation of a sound economic foundation that will protect consumers, create job opportunities, means to control Wall Street together with its bonuses and to bring an end to bailouts in order to prevent the re-occurrence of another financial crisis. Some of the aspects of this bill have been achieved, for instance, it has brought accountability in the institution and the creation of jobs is a clear indication that failed businesses resuscitated

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