Regulatory Frameworks
Regulatory frameworks are structured sets of rules, standards, and guidelines established by governments or industry bodies to govern specific sectors, such as finance, healthcare, or technology. They ensure compliance with legal requirements, protect consumer rights, and maintain industry integrity. For developers, understanding these frameworks is crucial when building applications that handle sensitive data or operate in regulated environments.
Developers should learn regulatory frameworks when working on projects in highly regulated industries like finance (e.g., banking apps), healthcare (e.g., medical software), or data privacy (e.g., GDPR compliance). This knowledge helps ensure that software meets legal standards, avoids costly penalties, and builds trust with users by safeguarding their data and rights. It is particularly important for roles involving security, compliance, or product management in regulated sectors.