Through the routine supervisory process, we are talking to institutions about the robustness of their disaster-recovery planning but are stopping short of setting detailed regulatory standards at this point. Although I anticipate that we will issue updated supervisory guidance and examination procedures for business continuity before long, I am not certain that we want to approach this issue with a checklist.
7 For  a discussion of the costs of producing iron ore, see: <www.rba.gov.au/publications/smp/boxes/2015/feb/a.pdf>. The decline in Australian producers’ costs would have supported their profitability, but the decline in the costs of offshore producers would have allowed them to keep producing more than otherwise, and this extra supply would have weighed on commodity prices and, hence, the profits of Australian resource producers.