Seoul, South Korea experienced its heaviest November snowfall on record, with 20cm falling in northern areas, causing traffic jams, power outages, and flight disruptions. The storm led to two fatalities in traffic accidents, injuries from falling debris, and power cuts for thousands of households. President Yoon Suk-yeol urged officials to minimize damage and public inconvenience, as the heavy snowfall was expected to continue until Thursday morning.
Full Article
Brussels proposes revamp of controversial securitisation rules
The European Commission has proposed revisions to EU debt securitisation rules to reduce capital charges for banks and streamline regulations, aiming to invigorate the securitisation market and boost economic competitiveness. While the changes, including lowering risk weights and simplifying investor obligations, are intended to enhance funding availability, critics argue they may compromise financial stability and international standards established post-2008 crisis. Need More Context? 🔎
Read more