Possible NZ Bank IPO

[Sgt Pepper]

Brian Gaynor speculating yesterday that Adrian Orrs proposal to require NZ banks to raise tier 1capital requirements fron 8.1% to 16% would require our four largest banks to raise an estimated 15billion in capital. This could be achieved by a partial or full IPO.He indicated one Australian owned bank is "seriously looking at the option".
Will this be a panacea for the flat NZX, and how attractive are banks for retail investors??