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Critically analyse the arguments used for and against the regulation of financial reporting through accounting standards.

Critically analyse the arguments used for and against the regulation of financial reporting through accounting standards.

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The financial regulations have become more stringent with didd frank act and bssel committee regulatiins, Banks are complied to keep more capital as a cushion against the crises.

Many restrictions have been introduced on trading of asset backed securities, many limits are set up on the positions taken by the traders.

These actions have made banks more conservative on their approch and reduced their profits compared to earlier scenarios.

But this has also made banks much more resilient to financial crises, banks will be in a better position to face crises situation.The basel 3 norms and FRTB-Fundamental review of trading books are a step further in this direction.

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