Let $E$ and $F$ be Banach lattices and $X$ and $Y$ be Banach spaces. A linear operator $T: E \rightarrow F$ is called regular if it is the difference of two positive operators. $L_{r}(E,F)$ denotes the vector space of all regular operators from $E$ into $F$. A continuous linear operator $T: E \rightarrow X$ is called $M$-weakly compact operator if for every disjoint bounded sequence $(x_{n})$ in $E$, we have $lim_{n \rightarrow\infty} \| Tx_{n} \| =0$. $W^{r}_{M}(E,F)$ denotes the regular $M$-weakly compact operators from $E$ into $F$. This paper is devoted to the study of regular operators and $M$-weakly compact operators on Banach lattices. We show that $F$ has a b-property if and only if $L_{r}(E,F)$ has b-property. Also, $W^{r}_{M}(E,F)$ is a $KB$-space if and only if $F$ is a $KB$-space.