1:12 defeated 2:1

Here is a report on the Swiss referendum.

Fiscal Assessment Report

The latest report from the FAC is available here.

The Future of Banking in Europe Conference

The Institute of International and European Affairs will host a conference in the Convention Centre Dublin on Monday, 2 December that will feature a series of keynote addresses and panel discussions to consider the rapidly changing banking environment in the context of the proposals for a banking union in Europe. The implications of these developments, including what they mean for the future of the euro, the management of financial crises in the Eurozone and the likely impact on businesses and individual consumers, will also be addressed. Additional details can be found here.

Whose expectations?

Anyone else noticing how bad news is always flagged up as being “unexpected” these days?

Bank Issues

Two of the “Irish-Headquartered Group” of banks raised funds from capital markets today. 

AIB issued €500 million through a senior, unsecured (and unguaranteed) bond.  Reuters report here.

PTSB also raised €500 million but from a mortgage-covered bond.  Press release here.