The entire world has been affected in some way or other by the 2008 financial crisis. While economic recovery has been seen in high-income countries, risks for emerging and developing economies are affecting global growth. Many developing countries, which were considered the centre of growth during or since the 2008 Financial crisis seem to be currently affected in some way or other. We thus notice that risky, uncontrolled behavior in terms of lending practices by unregulated banks in the USA led to the Subprime and subsequent global financial crisis. The whole world and regulatory bodies spanning the globe seem to be determined to prevent such further crises by bringing about rule books and regulations to prevent repeats of conditions that could reproduce such situations. Financial regulation is a constant issue that is discussed in terms of regulatory needs. Everybody wants it to be done but most Stakeholders do not have a clear idea of why it should be put in place; nor how it should be done.