Warren asked that Mnuchin respond to these and other questions no later than Nov. 1:
- What are the underlying causes of the spike in borrowing rates for overnight repurchase agreements?
- Has FSOC learned why the Fed announced on Oct. 11 that overnight operations meant to keep the calm would be extended at least through January of next year?
- How will FSOC and Treasury use data on centrally cleared repo transactions to gain a further understanding of the market? Is further information needed to sufficiently monitor the short-term lending market?
This article provided by Bloomberg News.