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.
In the latest recordings from phone calls at the bank, published in the Irish Independent, head of Treasury John Bowe tries to explain the thinking behind the transfer of 7 billion euro 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:
