The New Era of Regulatory Enforcement: A Comprehensive Guide for Raising the Bar to Manage Risk

Chapter 1

The New Era of Regulatory Enforcement

Richard H. Girgenti

The New Regime

Since the outset of the twenty-first century, there has been a relentless flow of events and circumstances that has given birth to a new regulatory and enforcement landscape. Over the past decade and a half, we have had front row seats to the launching of the war on terror in the wake of the 9/11 attack; the financial reporting crisis of the early 2000s; the changing dynamics of emerging global economies; the financial recession of 2008 with the resulting economic uncertainty and lingering global financial instability; healthcare reform and escalating costs; and the proliferation of digital data, social media, and cyber attacks. These events, each in their ...