Daedalus reborn: RBNZ and the curious case of prudential stacks

All eyes are on bank submissions to the RBNZ capital review. (Image: Supplied)

Tue, 21 Oct 2025

One wonders what Daedalus might have uttered to his son, Icarus, had they been chatting about prudential regulation rather than wings of wax and feathers.The note of pastoral care may have gone something like this: “Here’s your wings; don’t fly too high or too low, because – you know – the sea spray and the sun rays.” Then, there was something about a middle-path approach to longevity and prosperity.Probably there was some timeless utterance about red wine and Crete, too.The wings are a metaphor for...

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