Over the last few years, increasing competition, newer regulatory bodies as well as a tremendous impact of information technology has changed the way the industry conducts business. (elearningindustry.com)
Alice Woolley has already considered this question elsewhere and has pointed out that the fact that the Canadian legal profession is provincially regulated gives rise to serious cost and practical issues: a number of provinces and territories simply do not seem to have sufficient lawyer populations to justify putting an entirely new regulatory body into place to operate alongside the courts and the law societies. (slaw.ca)
Regulations like The Dodd - Frank Wall Street Reform and Consumer Protection Act, the Volcker rule, and The Housing and Economic Recovery Act of 2008 require financial institutions to secure stronger capital and liquidity positions, and have spawned new regulatory bodies like the Consumer Financial Protection Bureau (CFPB). (nreionline.com)