Speaking at the Duff and Phelps Global Regulatory Outlook on 3 March 2016, Gareth Murphy spoke about the key areas highlighted in the report of culture, technology and cyber risk. On culture, Mr Murphy said that “it is no surprise that as rules on capital, liquidity, remuneration, resolution and so on are being laid down, the focus has shifted towards firms' culture and the need for greater personal accountability, especially at senior levels.” On data, Mr Murphy said that "Good quality regulatory data can help supervisors to prioritise workflow and areas of focus based on key metrics and statistical filters." Mr Murphy also said that one of the biggest challenges is determining the nature and scale of investment required to counter cyber risk. He said that tackling this threat requires people, systems, vigilance and an ongoing commitment from both financial authorities and regulated entities as the threat adapts and evolves.