As a result, the number of cases piled up in court and led to a low conviction rate. "It was not the judges' incompetence, but the lack of evidence that led to such a dissatisfactory result," Yeh said.
But there surely is some room for improvement to the system, another analyst said.
"The overlap of investigating powers between the two agencies should be redefined more clearly," People First Party Legislator Christina Liu (劉憶如) said, citing ambiguous regulations in this part of the organic act that was hastily passed in 2003.
It is necessary to specify the boundaries of the commission's powers, especially relating to the severity of offenses, the amount of money involved and the span of investigation, Liu said.
The regulator has been ambitious to crack down the financial crimes since
its establishment, especially the insider trading which the commission’s
vice chairman Lu Daung-yen (呂東英) said has constrained Taiwan’s ranking
uprise in the Swiss IMD’s national competitiveness assessment.
However, while the commission vowed to continue its mission despite the
impact posed by the scandal and infighting, it would need to seriously think
about improving its coordination with the prosecution in practical
implementation as pundits suggested in case of the backfire of their
efforts.
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