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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay. On page 6 of your own, I'm sorry, on page ... it's a reference to ... to something Michael Somers I think will say, was there a specific reason why the NTMA was omitted from further discussions on the liquidity situation of the banks and the extent of their borrowing from the Central Bank? Do you know about this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: No, okay well that's fair enough, you can't answer that. Can you comment on the Merrill Lynch strategic options paper, the one that was dated 28 September, which was considering all the options, as you've said, including a guarantee? And can you describe the discussions that NTMA senior management had, or did they have, having seen that presentation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: What was your understanding of that other meeting that took place at the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: I know, but what is your understanding subsequently?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Can you just clarify, we have a document DOF01702. It was an e-mail from Andreas Matthaeus and it was dated 29 September 2008, at 23.54, so almost midnight. And it was addressed to Henrietta Baldock and Kevin Cardiff and I don't think you ... let me just see-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Yes, you were. And I'm just wondering, yes, you were, that's why I ... yes, so do you ... were you aware there was another ... there was another email at 21.27 and you were also ... you were involved in that. Were you aware, given that you were then in Government Buildings, did you have access to this? So you were being included in the documentation but not at the meeting? I'm just trying...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay, absolutely.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Have you got it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: DOF01702.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: So, let's just be clear, at midnight-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: -----they're in touch with you and ... Kevin and Brendan it's addressed to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: -----saying suggestions with how to prepare for an intervention, and then an hour and a half later you're saying, "Sorry guys it's something else."

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Did you see this in real time, this e-mail? I mean were you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Did you have it on your BlackBerry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And again, it was addressed to you and Kevin, not you and somebody else, you were the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And finally Mr. McDonagh, on the night of the guarantee you've ... you've said your views, the NTMA's views were-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Yes, strong views about nationalisation. Was it your view that INBS and Anglo Irish were solvent?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Thanks. When you mentioned the e-mail that you wrote to Mr. Cardiff, the 33 questions that you did on your BlackBerry, were ... was the Governor of the Central Bank and the Financial Regulator made aware of those questions?

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