Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector despite negative predictions.

Farnoush Farsiar is passionate about Brexit.

She has unique insights due to her wealth and financial management experiences.

Farnoush has written two pieces for BrexitCentral in 2019 and it seems that a lot of her predictions were right today.

Revisiting Farnoush Farsiar ’s predictions regarding Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome rules.

It will allow London to fully realize its potential.

Financial services industry was unable to comply with MiFID II (Financial Instruments Directive) because of the intrusion of regulators.

You will only be in the game if regulations are flexible.

Farsiar said that, as London is the home of the largest banks in Europe It has a significant impact on the world economy.

The financial services industry in Britain may evolve to become the best version of itself when it is freed.

The United Kingdom's decision to leave the European Union and its terms will have a major impact on British financial markets.
They will become independent once more, and they will no longer be in a position to blame Brussels.

So lower corporation taxes and reversing EU legislation must be high on the British agenda. Consequently, it would incentivise foreign investors and stabilise the British financial market.

What was https://www.dreamscapeapartments.co.uk/ -Brexit
A Deloitte study revealed that the UK attracted the most foreign direct investment than any other European country between 2015 and 2018.

The report found that London was a more popular destination for inward investment over New York.

It's one of the few truly international and global cities, and is being held by the regulations of the European Union that don't correspond.

One of these rules is applied for stock trading.

Putting the brakes on high-frequency trading and other financial services reduces the efficiency of the whole market.

This is high frequency trading that is slow which will lower the quality of the industry.

In contrast, Brexit could allow Britain offer lower alternatives for investors.

London couldn't compete as an enticing market due to the anti-commerce laws. https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ warned of the massive costs for small and mid-sized companies.

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

Bailey explained that the UK can be compared to other countries around the globe.

His vision for the future of financial conduct regulation was to create an "outcome-focused", and "lower burden" approach.

Brexit gives the UK the chance to increase its financial power and to get rid of EU restrictions.

The restrictions hinder the UK from having the lenient regulations that it used to have and hinder enterprises and start-ups' ability to grow and compete on the international market.

Brexit could be a beneficial step to ensure that the tech hubs will remain in the thriving of its major cities.

Bailey stated, "Leave it to our own devices... The UK regulatory system will develop somewhat differently."

There was significant concerns about the UK's financial market
A competitive advantage in economic terms is having an edge over your competition through being proficient in the industry you specialize.

With the regulation weighing down on them, the UK were concerned the capital's financial system was being disassembled.

Thus, foreign investors won't be attracted by these companies and they will move towards Paris or Frankfurt.

The most feared thing about the British finance market was that the European Union would limit the EU market's trading.

Another reason to be concerned was that exports and imports will be more expensive.

Britain hopes to become the financial center of the world.

Farnoush Farsiar sees an even better future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
It is clear that there is a light at the end of the tunnel and the beginning of the tunnel when you look at British economic policy.

Between 7,600 and December 2020 there was only a handful of job relocations to Europe due to Brexit.

The latest figures are in line with estimates provided by PwC in April 2016, prior to the referendum. https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times estimated that up to 100,000 jobs in finance could be gone If Britain votes Leave.

However, even with the impact of covid Britain's stock market is on the rise.

The UK is open to competition with the rest the world by removing the EU restrictions.

Businesses of all sizes are flocking to the British Stock Market, which has a the reputation of being a global leader.

The European market is their only real weak point in the field of financial services.

The primary reason is that the volume of seafood and fish trade has declined, which poses problems for British Islands.
It's interesting to note that the cost of living increased despite the fact that trade was less with Europe.

Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and let London's potential to blossom.


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