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New York banking watchdog Lawsky considering departure -sources

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New York financial regulator Benjamin Lawsky may leave his post in the coming months after helping extract record settlements from major banks and proving a thorn in the side of other authorities, two people familiar with his plans said. His possible departure for the private sector has prompted some in the financial community to question whether the state Department of Financial Services, the agency he supervises, will maintain its reputation as an aggressive and unconventional overseer of Wall Street and foreign banks. "He hasn't decided on his plans for the future," Lawsky’s spokesman, Matthew Anderson, said when asked whether the superintendent would resign from his post in early 2015. If he does leave soon, Lawsky may first try to resolve existing probes into whether global banks manipulated foreign exchange markets. He also may seek to settle a reopened case against Bank of Tokyo-Mitsubishi UFJ over sanctions-related violations, and a similar probe of Commerzbank AG. Lawsky

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