In the following years, the Central Bank of Ireland therefore changed emphasis to ensure these elements were adequate to deal with the rising level of NPLs. A major milestone in this regard in 2/6  BIS central bankers' speeches  2012 was undertaking Distressed Credit Operations Reviews (DCOR). The output of this was a benchmarking of actual operational capacity to execute NPL strategies.
Supervisory follow-up in 2012/2013 monitored the effectiveness of banks’ operations through regular on-site inspections. Loan file reviews and interviews with bank staff were an important supervisory tool in understanding if a bank’s strategy was actually being implemented on the ground. Deficiencies in both strategies and operations were required to be remediated. All of these steps were important preconditions for success.