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NY Senate Majority Leader: If More Allegations Against Cuomo Come out, It s Time for Him to Resign

NY Senate Majority Leader: Cuomo s Apology Is Extremely Important, We ll See How Things Play Out

Draft New York State Budget Addresses LIBOR Transition - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. Following requests from industry, New York State incorporated legislative language addressing the expected discontinuance of LIBOR in its recently released draft budget. The draft language amends the General Obligations Law to require New York law-governed contracts without LIBOR fallback provisions to use the replacement rate recommended by the Alternative Reference Rates Committee (ARRC). 1 Background The U.K. Financial Conduct Authority (FCA), which regulates LIBOR, has made clear that it will not compel banks to make LIBOR submissions beyond 2021. Together with other official sector bodies, it has strongly advised industry to transition away from

Local lawmakers respond to storming of U S Capitol by demonstrators

Local lawmakers respond to storming of U.S. Capitol by demonstrators and last updated 2021-01-07 10:02:18-05 Several local lawmakers have released statements in response to the storming of the Capitol. Congressmember Brian Higgins (D) “The US Capitol is a sacred space - a building at the literal center of our capital and central to our democracy. The actions of protestors today, egged on by the outgoing President to disrupt the certification of electoral votes of what is a ceremonial formality, should be seen by all Americans as a challenge to the legitimacy of our democracy. This is domestic terrorism, and it has no place in America.”

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