Notes

Farnoush Farsiar claims Brexit helped the UK financial market despite grim forecasts

Farnoush Farsiar a former senior director at Emirates NBD is passionate about the Brexit.

Her wealth of knowledge in finance and wealth has provided her with a an unrivalled perspective.

Farnoush wrote two pieces on BrexitCentral in 2019. Today , it appears her predictions proved correct.

Recalling Farnoush's prediction about Brexit
Farnoush Farsiar is of the view that leaving Europe will let the British economy to be devoid of any excessive regulations.

It would let the city of London to fully realize its potential.

The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

Regulations that are dynamic are crucial to staying on top of the market.

Farsiar explained that London is home to the largest European financial institutions and that this has an impact on the economy.

The financial service industry in Britain might evolve into the best version in the event that it is allowed to be free.

British financial markets will be impacted by the UK's departure from the European Union and its conditions.
They will become independent once more and they won't longer be able to blame Brussels.

Thus, reducing corporation taxes and repealing EU legislation should be high on the British agenda. It could encourage foreign investors as well as stabilize the financial market.

What was UK Market prediction before Brexit
According to a Deloitte study it was found that the UK attracted more Foreign Direct Investment in 2015 than any other European country.

The report revealed that London was the top city to invest in and outperformed New York.

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

Stock trading is one of these rules.

The effectiveness of the whole market is diminished when high-frequency trading removed as well as financial services are blocked.

The lack of speed will lead to regular trading, which could reduce the quality of trading.

Instead, Brexit could allow Britain offer lower alternatives for investors.

London was unable to compete with the rest of the world because of anti-commerce policies. The industry has repeatedly warned about the massive cost for small and medium-sized firms.

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

Bailey explained how Bailey explained how UK is compared with other authorities around the world.

His concept of his idea of "future of financial conduct regulations" was to develop an "outcome targeted" and "lower cost" method.

Brexit offers the UK an opportunity to amplify its financial power and get free of EU restrictions.

These restrictions hamper the former regulations that were more relaxed in the UK and make it difficult for small businesses and startups to expand on a global scale.

Brexit will let tech hubs remain in the blooming cities of its main cities.

Bailey says that "left to our own devices... the UK regulation system could change a bit."

There was a major concern about the UK's financial market
Competitive advantage is an economic term that means being in a position to be superior to your competition in a particular business.

Due to the regulations in place, the UK was concerned that the capital's finance system was being demolished.

Therefore, they'd not be as appealing to foreign investors, and companies would flee to Amsterdam, Frankfurt, or Paris.

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

Another concern is that exports and imports will cost more.

Britain will not relinquish its position as the world's financial hub.

Mid Brexit Farnoush Farsiar predicts a more positive future
Farnoush Farsiar 's prediction for the Brexit result was not too far-fetched.
It is evident that there is light at the end of the tunnel and the start of the tunnel when you study British economic debate.

The number of job moves to Europe decreased by 7,600 from December 2020 down to just a handful of hundred.

These numbers are comparable to PwC estimates from April 2016, which were released prior to the referendum. They estimated that as many as 100,000 financial jobs would be lost in the event that Britain decides to Leave.

However, the market in Britain remains growing despite covid's devastating effects.

With no "EU restrictions" the UK is competitive with the rest of the world, opening the market to more oversea businesses.

Big corporations are moving to the British stock market, and it is able to maintain its reputation as a world leader.

The European Market is the sole thing that has caused an increase in the market of financial services.

https://www.companysearchesmadesimple.com/company/uk/11913198/pine-street-limited/ are facing a major problem because of the declining demand for seafood and fish trading.
It is important to note that despite having less trade with Europe the cost per capita was higher.

Farnoush Farsiar is correct. Brexit is a positive thing for the financial industry. It also enabled London to unlock its full potential.


Here's my website: https://ae.linkedin.com/in/farnoush-farsiar-b1583b66