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Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: I'm talking about ... I'm talking about the night in question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: And the two banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay. They're on one side of the conversation; who was on the other side of the conversation that ... who was left in the room when the conversation was being held?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: No, I understand that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Those who were ... those who were objective, who-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: All right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Would it be fair or unfair to say that you were the last man standing in relation to the nationalisation of Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay. And eventually when the decision ... when it came to a conclusion, were you overruled, or did you------

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Yes. I just want to be clear as well though, Chairman, I think this is important.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: No, just ... just hold off the clock for a second.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: And, Mr. Cardiff, perhaps-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: No, no, I'm talking to you now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: But I think it's important that we have a clear understanding of the room on the night in question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: And I suppose what I'm trying to say is while there were people in charge, I'm trying to get a feel for the room. Was ... were people talking as equals while some were offering advice to others?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: No, I understand that, I know that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: No, I understand, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: I'm aware of that, yes.

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