... from a still toothless tiger. " The Australian Securities...

... from a still toothless tiger.

" The Australian Securities and Investments Commission has laid down
a blueprint for banks to fix the way they set key benchmark interest rates
or face further punishment.
ASIC chair Greg Medcraft told the banks to co-operate with the corporate watchdog
or confront a $50 million warchest he has built up to fight the largest banks,
whose actions threaten trust and confidence in the financial system.
"We are in a system dominated by financial instutitons.
We have to do our job and need to willing to take on any large instutition or combination thereof,"  
Mr Medcraft told a press conference on Wednesday.
"Its essential and Australians expect nothing less. We have to be fearless and courageous. "  

Read more: http://www.smh.com.au/business/banking-and-finance/
asic-sounds-warning-to-banks-as-benchmark-interest-rate-
probe-is-frustrated-20150708-gi7d5a.html#ixzz3glyHmR13 "

Golly, $50 million warchest in 2015 for banks onslaught .
What pennies were expanded on PIF complaints against Wellington back in 2008 - 2013?
Sure Dgenny was slapped on the wrist once, but there was no recompense for PIF.

Regards,​