WEBVTT

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You know, you know what I mean? We had, we were up in 120 and 130, we had a really shitty week.

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Two billion, well we never had two billion. We never had anything like two billion before. And we never had a day like today when one and a half billion went out.

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Now when you say buffer, you're talking about the liquidity ratios, are you? I am, yeah. I don't care about them, I care about some cash.

4
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So I'm looking around at a cash. Well, look, I mean, the thing is, the liquidity is an indicator of the cash.

5
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The cash comes about later. Well, I know that, John, I get that. What I'm saying is that, and I know I've been clipping it off, so please don't take it that way, but the regulatory minimums are not in themselves a disaster for the bank.

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Unless somebody finds out about them. Yeah, I think that's right, but I think also you're moving into a different box.

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Now you're having to tell the regulator what lending you're doing. He wants to sign off on it, he wants to find out what your inflows are, outflows are every day.

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So, you're going to have the regulator sitting in your corner office. You know, I get that, but don't run out of yourself yet.

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Look, No, no, no, I just, uh, look, probably... what'll happen is we get a bounce on Monday. I'm kind of sure of that.

10
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I think we've got a decent bounce on Tuesday. So, go on, Marius. Go on. We should be measuring this a week from now.

11
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Yeah. Saying, look, what does that really mean? Well, that was a month then. For fuck's sake, just take the roll with the punches.

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Let's see what comes in a week. If we're working on that for a week from now, I'd be with you.

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You're going down to the central bank with you. Yeah, okay. Well, maybe I'm a week ahead of you, but that's what I feel, you know what I mean? I know, but this is your personality kicking in again.

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You're worried about things that haven't happened yet. Yeah, yeah. I'm having bad and self-inspirational days where there was so much to worry about, you didn't worry about things that haven't happened yet.

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There's only the guy that was actually beating you up now that worried about it. Of course, the guy that's going to beat you up is the one that's going to finish with you.

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Okay, well, you know, maybe I've got a few comps, but I can see the guy taking out the B3, you know? Yeah, he's not taking you out.

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Okay, well, look, let us take this week as a bad week. And let's have the fucking reasonable wiggle room over the weekend that it was a month end, but let's judge in, let's say, the middle of next week whether it was a fucking month end or not.

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Yeah, yeah. Look, there's some credit actions within that. Not all is going to come back, but I think a good bit is going to come back, you know? Yeah, now, it's another of them wider picture, and I'm going to talk to you, me and Rex, and we're going to talk about this.

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We've been doing a lot of work, we're working on it today, actually, about maybe just having the conversation with our buddies in Dames Street about fallback, you know? That, look, if we do reach through this, first of all, I don't want any fucking fallxology from them.

20
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And secondly, like, if it gets close to the bone in terms of cash, you know, we need to be able to pull money down, so get yourself ready.

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And how does it look, and does it become public, and all that stuff? Yeah, yeah, and we need to find out what they need from us to give us the cash.

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Yeah, well, I've no problem having that conversation. It's about time to have it now, I think. Yeah, yeah, okay.