House Financial Services Committee to hold a hearing The Oversight and Investigations Subcommittee holds a hearing entitled, "Oversight of the Financial Stability Oversight Council: Due Process & Transparency in Non-Bank SIFI Designations" on November 19 at 9:15 am. Webcast Link
Deutsche Bank to hold a conference Japan Conference is being held in London, England on November 19-20.
The PBoC's cut the SLF overnight rate to 2.75% The PBoC's cut the SLF overnight rate to 2.75% and the seven-day rate to 3.25%. These apply to loans made under the Standing Loan Facility. The central bank, which didn't provide the prevailing rates, said it would help develop a "market rate formation mechanism" by "facilitating the role of SLF interest rates in forming the ceiling of an interest rate corridor." Today's announcement follows a series of monetary loosenings this year.