self-governing sectors
[/sɛlf ˈɡʌvərnɪŋ ˈsɛktərz/]
noun phrasepl: self-governing sectors
setores autorreguláveis
1. Industries or economic areas that have the authority and responsibility to regulate themselves through their own rules, standards, and oversight mechanisms without direct government intervention
The financial self-governing sectors established their own compliance standards to maintain market integrity.
Os setores autorreguláveis financeiros estabeleceram seus próprios padrões de conformidade para manter a integridade do mercado.
2. Professional or trade groups that manage their own affairs, standards, and discipline through internal governance structures
Self-governing sectors like medicine and law have professional boards that oversee member conduct.
Setores autorreguláveis como medicina e direito têm conselhos profissionais que supervisionam a conduta dos membros.
In Brazil, self-governing sectors are particularly important in finance, law, and medicine, where professional councils (conselhos profissionais) maintain high standards. This reflects a preference for professional autonomy balanced with public accountability. In the USA, self-governing sectors represent a middle ground between strict government regulation and complete deregulation, especially prominent in financial services post-2008 crisis discussions.
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