Mr. Matt Moran:

The second contact was Beverley Cooper-Flynn, who at the time told me - both of these people are from Castlebar, where I'm from myself - and she told me at the time that she was involved in a grouping looking at issues around the crisis. And a key message she passed to me was that if the bank was going to raise capital in the future, that the only way that Government would look at capital was if the bank could raise private capital as well.