Regulators also play a vital role in promoting innovation and driving progress in various industries. By creating a regulatory framework that encourages competition, investment, and innovation, regulators can stimulate growth, encourage technological advancements, and improve the overall quality of products and services. For example, in the financial sector, regulators set capital requirements, risk management guidelines, and disclosure rules to ensure the safety and soundness of financial institutions and protect investors from misconduct and fraud

regulator.