THE DISTILLERY: Lounging watchdogs

Scribes say market regulators need to lift their game, with one singling out ASIC's shadow banking surveillance.

The annual forum for the Australian Securities and Investments Commission has attracted the attention of two respected business scribes with an eye for regulation. Also in this morning’s shot from The Distillery, there’s been some further reflection on the Leighton Holdings board blow-up and one writer has pointed out what should have been an obvious silver lining.

Firstly though, The Australian’s John Durie says there remains a worrying failure from global regulators and market participants to improve.

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