It essentially maintains the current complex regulatory structure in place and does not provide any clear incentives for stakeholders over and above the baseline scenario.

Q. whereas there are no laws that cap the amount of profits that a vulture fund can collect through litigating against developing countries to collect default debt and whereas there are no regulatory structures that disclose who vulture funds are and also how much they paid for this debt that was previously considered worthless,

R. whereas there are no laws that cap the amount of profits that a vulture fund can collect through litigating against developing countries to collect default debt and whereas there are no regulatory structures that disclose who vulture funds are and also how much they paid for this debt that was previously considered worthless,

24. Considers that the regulatory structures existing before the economic and monetary crisis in the European Union and the United States lacked coherence and were based mainly on dispersed macroeconomic analyses and that, in the absence of coherence of these regulatory structures at the global level, the states have acted by themselves; urges the EU and the US to emphasize the importance of a surveillance and regulation system to make it compulsory, among other things, to register transactions; calls on the EU and the US to promote the introduction of a Financial Transaction Tax;

Second, our comments in this report on the regulatory structure and the European Regulatory Group are important.

136. Remains concerned at the exploitation of vulnerable population sectors through weak regulatory structures compounded by lax judicial and police implementation of basic justice; stresses also the absolute necessity of setting and maintaining national professional standards and ethics and the consequential observation thereof by those international bodies or NGOs operating in Romania;