9.1. The Shifting Regulatory Landscape

Recent experience has demonstrated that one of the fastest ways for an industry to become subject to more regulation is to not comply with existing regulations—or to make the authoritative agency (and some lawmakers) look bad through a widespread or much-publicized failure. Does this mean more regulations will be coming out of the 2008 financial collapse? In a word, "yes." What remains to be seen is how much, how detailed, and how long it will take.

You only need to go back a few years to see how another much publicized and widespread collapse—the worst blackout in the history of North America—altered the compliance playing field (see "Case: The 2003 Blackout").

CASE: THE 2003 BLACKOUT

August 14, 2003, ...

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