A top executive at Anglo Irish Bank believed the Central Bank and the Financial Regulator were "egging them on", when it came to the transfer of money between Anglo and Irish Life and Permanent, according to new recordings released by independent.ie.
In the latest tapes of phone calls at the bank, also published in the Irish Independent, head of Treasury John Bowe tries to explain the thinking behind the transfer of €7 billion from ILP to Anglo, at the end of 2008, to temporarily boost the Anglo balance sheet.
That transaction is now being investigated by the Director of Corporate Enforcement.
In the 2009 conversation with Fiachre O'Neill, a compliance executive at Anglo, Mr Bowe describes his plans to "craft" a document to explain the deal to his superiors.
Tom Lyons, Deputy Business Editor with the Sunday Independent spoke to Newstalk's Breakfast this morning:
