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2013-06-26 — forbes.com
``In addition, the consultants' independence has been questioned in this column and in other news reports as well as by legislators for both branches of Congress and both sides of the aisle. The New York State Department of Financial Services recently banned Deloitte's Financial Advisory Services practice for one-year and imposed a $10 million fine for Deloitte's lack of "autonomy" as an "independent monitor" in another enforcement order against Standard Chartered. The breakdown of the shadow regulator model -- private profit-seeking consulting firms with focus on future bank consulting revenues trusted to stand in the regulators' shoes -- is endemic.''
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