Dr. Peter Bacon:

I was present because I was asked to attend. From memory, I think it took place shortly before St. Patrick's Day. It was before my report was finalised and maybe the Minister wanted to get a sense of that.

The Deputy asked who was present. There were representatives from the Central Bank, the NTMA, the regulator, the Department of Finance, a firm of legal solicitors and Merrill Lynch. I think that was it. As to what it was, it seemed to me to be a monitoring committee. I attended it-----