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PROXY FIGHT: The punishment of consultant Deloitte may signal that Benjamin Lawsky, New York's chief financial regulator, plans to go after big banks by disciplining their 'gatekeepers,' experts said. (Image: Bloomberg News)
Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

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