The Central Bank's new Director of Credit Institutions, Ed Sibley, has delivered a speech at Grant Thornton outlining his supervisory priorities as involving resolving Non-Performing Loans – with commercial and mortgage debt being a concern - , carrying out scrutiny of strategic and business model risk and dealing with matters related to governance, culture and diversity. Mr Sibley linked cultural issues to firm failures and said that the Single Supervisory Mechanism is working on undertaking behaviour and culture inspections in Irish Banks.