Notes

Farnoush Farsiar claims Brexit has benefited the UK market, despite dire forecasts

Farnoush Farsiar is passionate about Brexit.

By the depth of her experience in finance She is able to offer unique insights.

In the year 2019, Farnoush wrote two articles for BrexitCentral and, as of today, it appears that a lot of her forecasts were accurate.

Reexamining Farnoush Farsiar 's predictions concerning Brexit
In the Farnoush Farsiar view in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance market from over-burdensome regulations.

It will allow London to fully realize its potential.

Regulatory intrusion made it difficult for the financial services industry to function within MiFID II (Financial Instruments Directive).

Only dynamic regulations can guarantee that you are in the game.

Farsiar stated, "London is the headquarters of the most important european banks." This can have an impact on the economy.

The industry of financial services in Britain could evolve to be the best version of itself in the event that it is allowed to be free.

British financial markets could be affected by Britain’s exit from EU and its conditions.
They will be independent again and they won't longer be able to blame Brussels.

Lower corporation taxes should be a top priority. It is crucial to repeal EU legislation. Therefore, it will encourage foreign investors and stabilize the British financial market.

What was the UK Market Prediction before Brexit
According to an Deloitte report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018 than any other European country.

Moreover, the report showed London was beating New York as the most sought-after city for investment in the country.

It is among the few truly interconnected and global cities. However, it is being kept hostage by the European Union's rules, which aren't in accordance with.

One of these rules is used in stock trading.

High-frequency trading, along with other financial services, are hindered by the decline in the efficiency.

It is high frequency but not the speed. This can make it regular trading and will diminish the high-quality of this sector.

In the end, Brexit will allow Britain to provide investors with less options.

The anti-commerce measures caused it to be difficult for London to remain profitable as a competitor. The industry has repeatedly warned about the huge costs for small and medium-sized companies.

CEO of the Financial Conduct Authority (FCA), Andrew Bailey, envisioned "the future of financial conduct regulations".

https://www.thegazette.co.uk/company/10947406 explained the ways in which the UK could be compared to other countries.

His concept of "the future financial conduct regulation" was that he would create an "outcome-focusedstrategy" and "lower-burden" strategy.

Brexit is the UK's chance to amplify its global financial influence, as well as to remove unnecessary limitations of the EU.

These restrictions prevent the UK from having the lenient regulations it had previously and limit start-ups as well as businesses in their ability to expand and compete on the international market.

Brexit could be a beneficial step towards ensuring that the tech hubs are firmly embedded within the blooming of its major cities.

As expressed by Bailey, "left to our own devices... the UK regulatory system will develop in a slightly different manner."

There was a significant concern about the UK's financial market
A competitive advantage in economic terms is having an edge over your competition by being skilled in your field of expertise.

They were worried about the loss of capital's financial infrastructure because of the regulation.

International investors might find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

The biggest concern in the UK finance industry was the possibility that the European Union might restrict EU trading.

Another concern was the fact that export and import will increase in cost.

Thus, Britain wants to stay on top of the world's financial services hub.

Mid Brexit Farnoush Farsiar sees an optimistic future
Farnoush Farsiar's predictions about Brexit were not far-fetched.
The debate regarding the British economy suggests that there is a light at the end of the tunnel.

There have been a couple hundred additional job relocations due to Brexit from Europe than 7,600 in December 2020.

The numbers are comparable to the April 2016 estimates of PwC. They predicted that the United Kingdom could lose up to 100,000 finance jobs if it votes Leave.

However, the market in Britain remains rising despite the covid's catastrophic effects.

The UK can compete with other nations without the EU restrictions, which opens up the market to more foreign companies.

Large corporations are shifting towards the British stock exchange, which is still one of the top exchanges in the world.

They've only seen an increase in the field of financial services due to the European market.

The most important reason is that the volume of trade in fish and seafood has decreased, which is problems for British Islands.
It's interesting that the cost of living went up regardless of the fact that trade was lower with Europe.

Farnoush Farsiar was absolutely right. http://uayf.sellerplacer.com/belc is a great move for finance and allowed London to fully realize its potential.


Here's my website: https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/