Summary: What exactly is self-regulation? We looked it up in the dictionary and its answer was unsatisfying. Self-regulation has been a hot topic for the past decade, and for good reason. The most notable reason is the banking industry; a group that basically regulated itself, with limited to no supervision. When the end of 2007 came, so did the U.S.’s booming economy.
Financial institutions are not the only ones that created self-regulating entities.