On the 20 October 2010, Jonathan McMahon, Assistant Director-General, Financial Institutions Supervision, Central Bank of Ireland, addressed the Irish Banking Federation National Conference. He focused on actions the Central Bank is taking and requiring banks to take, to deliver a sounder banking system in Ireland. These include reforms to bank conduct, specifically in the areas of governance and remuneration; reforms to the infra-structure banks use to manage credit risk; and changes to the rules relating to related party lending.