Regulatory oversight refers to the process of monitoring and enforcing compliance with laws, regulations, and standards within a particular industry or sector. Regulatory oversight is typically carried out by government agencies or regulatory bodies, and is aimed at promoting public safety, fair competition, and ethical behavior within the industry. This process often involves conducting inspections, audits, and investigations, as well as imposing penalties or sanctions on companies or individuals who violate regulations. Regulatory oversight is crucial in ensuring that businesses operate responsibly and in the best interests of society.