31 Oct 2013 (AFR) – ASIC hit by deluge of criticism – ‘Glass jaw’: corporate Australia’s stinging rebuke to ASIC

[COMMENT: The all-powerful watchdog…. has some flaws?]

(31 Oct 2013, AFR, p3, Patrick Durkin)

‘The corporate regulator has isolated itself from business, developed a “glass jaw” to criticism and unfairly shifts blame to others, leading directors, senior executives and industry bodies say. More than 200 groups and individuals have deluged a Senate inquiry with concerns, including the Commonwealth Ombudsman which said there had been a 90 per cent increase in complaints against the ­Australian Securities and Investments Commission.’

Read more at AFR.com (might need AFR login access)