Deloitte: BRRD changes not enough to solve problem of retail MREL stock

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Deloitte: BRRD changes not enough to solve problem of retail MREL stock

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The protesters bring placards and shouts slogans against the government measures to save the four Italian failed banks: Carichieti, Banca Marche, CariFerrara and Banca Etruria. They are seeking assurances on funds deposited in subordinated bonds and for the unjust decree erased in an instant savings. Rome, Italy on January 31, 2016. Photo by Andrea Ronchini/Pacific Press/ABACAPRESS.COM | Ronchini Andrea/ABACA/PA Images

Strategists at Deloitte fear that there is ‘no simple answer’ to the issue of retail investors holding bail-inable bank debt, despite changes in the Bank Recovery and Resolution Directive (BRRD) aiming to reduce participation from the sector.

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