A Watchdog with no BiTe.......useless.
A quango with no built in test equipment is par for the course.
However, on an extremely pedantic note, we have a watchdog. He doesn't bite, he barks at strange sounds and things that shouldn't be where they are. I really wouldn't want him biting. The ASA is, actually, a watchdog and not a terrible one. Look at the garbage that gets through in the US, where "truth in advertising" is merely an aspiration.
What we need for both advertising standards and data security is a guard dog. One with big teeth.