The phrase "recent tightening" refers to a situation where rules, regulations, or restrictions become more strict or stringent in the present time compared to before. Full definition
The most recent tightening of mortgage insurance rules had an impact on the real estate market, said Paul Cardinal, manager of the Market Analysis Department of QFREB. (remonline.com)
Only three years ago subprime loans were growing at record pace, but recent tightening by lenders has kept a lid on their growth in the last year. (lendedu.com)
Earlier this month, Salon published a story decrying the U.S. Department of Agriculture's recent tightening of organic - certification requirements. (treehugger.com)