This is why we encourage all governments concerned to display their willingness to abide by the rules of the Stability and Growth Pact. By doing so, they will reduce public spending, which is conducive to growth through the alleviation of unproductive spending and reduction of costs in the economy.
But MiFIR, too, will increase transparency since it requires pre-trade transparency for derivatives traded on organised trading venues. The future findings from the data gathering will be helpful for further reviews of the regulation and possibly new regulatory efforts. 5. Closing remarks  European and national legislators have made good progress in regulating the OTC derivatives markets.