Anglo director was 'speechless' at Financial Regulator's office suggestion

A director at Anglo Irish Bank said that he was left speechless after a representative from the Financial Regulator's office suggested that the bank consider releasing the Quinn Group from a €250m guarantee.

Michael O’Sullivan, who was divisional lending director at the bank from 2005, told the trial of three former Anglo directors that he didn’t think it was “total coincidence” that the suggestion came six days after Sean Quinn had made a similar request to the bank.