Rwanda-backed rebels are advancing towards Bukavu in the eastern DRC, with plans to continue to the national capital after claiming control of Goma. The rebels, including the M23 group, are allegedly supported by Rwanda and have caused a humanitarian crisis, displacing half a million people. Regional leaders are meeting to address the escalating conflict, which has also strained relations between Rwanda and South Africa.
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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? 🔎
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