Regulatory Agency (Noun)
Meaning
A governmental agency that regulates businesses in the public interest.
Classification
Nouns denoting groupings of people or objects.
Examples
- The government formed a new regulatory agency to oversee the financial sector and prevent future crises.
- The company faced fines and penalties from the regulatory agency for violating environmental standards.
- As a regulatory agency for the healthcare industry, the organization was responsible for ensuring that all providers met minimum standards of quality.
- Critics argued that the regulatory agency was too closely tied to the industry it was supposed to regulate, and therefore ineffective.
- The creation of a strong regulatory agency was seen as essential to rebuilding public trust in the nuclear power industry following the accident.