NY budget’s SOFR fallback proposal faces backlash

John Crabb

November 01, 2021

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Provisions within Governor Cuomo’s budget to make fallbacks to the rate mandatory have been met with objections, but sources argue the decision is good for the industry

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John Crabb

Managing Editor

John has been with IFLR since 2015. As managing Editor, he manages the team, produces and edits content for both titles, and chairs and presents at award ceremonies and events globally. He covers a wide range of corporate finance issues for both titles, with a particular interest on emerging markets including Latin America and Sub-Saharan Africa and the impact of the US political system on financial regulation.