The Minister for Finance has mandated the Central Bank to report on the issue of behaviour and culture within lenders later this year. We are currently completing our scoping work and the next step is to commence on-site assessments, which will include engagement within each of the lenders at senior management, middle management and staff levels to probe behaviour and cultural issues within lenders.
It is important to note that culture is about more than behaviour. A partial list includes prioritising 3/5  BIS central bankers' speeches  the best interests of customers, offering responsible products, reviewing board effectiveness, committing to diversity and inclusion and having robust internal audit and risk management procedures.