Mr. Brendan McDonagh:

Well, in terms of the technical work, it seemed to be very much a common purpose that, you know, in terms of technical input, it seemed to be like, "There's a work stream arising out of this meeting; this has to be produced; let's get it produced the best we can and have the best Bill possible that we can possibly have." So there was certainly no issue there.

As I mentioned in my opening remarks here, all the time through September, you know, everybody in the room, the Central Bank, the Financial Regulator, including ... and also the Department of Finance, it always seemed to be looking over to the ... what I'd call, the NTMA corner of the meeting which says, " You guys have, you know, loads of liquidity, you're withdrawing it from the banking system, why don't you just put that liquidity, and you'll start earning a great return. I mean you're not getting a good enough return from the Central Bank, why can't you just put this money on deposit with the banks?" And we kept saying, "No, listen, this is not going to happen." Our chief executive, who you'll be meeting ... our former chief executive, Dr. Somers, had a very strong, let's just call it, whip-line type of view to us as senior executives to say, "The NTMA's job is not to provide liquidity to the banking system. The NTMA's job is to fund the national debt." That's our statutory and primary responsibility and it's the Central Bank's job to be the lender of last resort if the banks need money. And I didn't disagree with that.