Bloomberg News
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.

What the Deloitte Crackdown Means for Banks

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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