an improvement of the financial reporting quality of these banks. Overall, we conclude that while the GSIB regulation had …

temporary decline in the frequency of non-GAAP reporting following Regulation G, the incidence of non-GAAP disclosure has … perspective on policy implications for both regulation and standard setting. We contend that current Compliance and Disclosure … result, we advocate a slight relaxation of the current enforcement of Regulation G. We agree with FASB proposals for greater …

powers but removed the Bank's powers to regulate banking. Up till 1997, banking regulation had been the function of the Bank …