ASIC ( All Sleeping In a Coma)- a Dud Regulator stacked with deskbound , boy scout and girl guide lawyers – no market savvy, no practicioners, 0 credibility . Fels is right-don’t throw good money after bad

Former ACCC boss calls for ASIC to be stripped of powers over banks


Founding chairman of the Australian Competition and Consumer Commission (ACCC), Professor Allan Fels, has slammed the corporate regulator for being weak and ineffective in fighting bank misconduct.