Notes

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

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

https://professionalparaplanner.co.uk/tag/advice-threat/ has unique insight due to her financial and wealth management experiences.

Farnoush has published two pieces on BrexitCentral in 2019. Today it appears that her predictions were right.

Revisiting Farnoush Farsiar 's prediction about Brexit
In Farnoush's opinion, leaving the European Union would free the British economy and the finance market from over-burdensome regulations.

It would allow the city of London to realize its full potential.

Financial services sector found it difficult to operate under MiFID II, the Financial Instruments Directive.

It is only possible to remain in the game if regulations are adaptable.

Farsiar declared that London, the capital of Europe's biggest financial institutions is a significant influence on the economy.

The British financial sector could be transformed to become the best version it can be if given the freedom to do so.

British financial markets are expected to be affected by Britain's exit of the European Union.
They'll become self-dependent and won't be able to blame Brussels.

The British should prioritize lowering corporation taxes and repealing EU legislation. It could encourage foreign investors and stabilize Britain's financial market.

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

The report also showed that London was more popular over New York for inward investments.

It is among the few truly international and global cities, and is being ensnared by the rules of the European Union that don't correspond.

Stock trading uses one of these rules.

Stopping high-frequency trading as well as other financial services reduces the effectiveness of the entire market.

That is high frequency without the speed. It makes it more regular and will take away the quality of this sector.

Instead, Brexit will allow Britain to provide investors with lower options.

London had a difficult time to sustain a competitive advantage because of the anti-commerce rules. The industry warned repeatedly about the massive cost to small and medium businesses.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Bailey explained the ways in which the UK could be considered to be comparable with other governments around the world.

His idea of "the future of financial regulation" was to develop an "outcome-focused" as well as a "lower burden" approach.

Brexit offers the UK the chance to increase its global financial impact and to avoid any limitations by the EU.

These restrictions stop the UK from having the light regulations that it used to have and hinder enterprises and start-ups in their ability to expand and be competitive in the international market.

Brexit is sure to ensure that the tech hubs are well-established in the thriving of their cities.

Bailey says that "left to our own devices... the UK regulation system would evolve somewhat different."

The British financial markets were in danger
A competitive advantage, in terms of money, is the ability to gain an advantage over your competitors by being skilled in the industry you specialize.

They were worried about the devastation of the financial infrastructure of capital because of the regulation.

Thus, foreign investors won't be attracted by them , and companies will head to Paris or Frankfurt.

The main concern in the UK finance market was that the European Union would restrict the EU market from trading.

Another worry was that import and export will get more expensive.

Britain wants the top spot in financial services.

Farnoush Farsiar sees the future as promising
Farnoush Farsiar's prediction of the Brexit result was not too far-fetched.
If you examine the British economy discourse, there is a light at end of the tunnel.

From 7,600 in December 2020, the number of jobs impacted by Brexit relocations to Europe has decreased by a couple hundred.

The latest figures are in line with estimates provided by PwC in April 2016, prior to the referendum. They forecasted that as high as 100,000 financial jobs would be lost if Britain voted Leave.

Even with the pounding of covid, Britain's stock market is back on the rise.

https://b2bhint.com/ro/officer/13721770 is competitive with the rest and the EU has eliminated any limitations. https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ permits the UK to open up its market to more foreign firms.

Many big corporations are seeking to join the British stock market, which continues its reputation as a world-leader.

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

The most important reason is the fact that the amount of seafood and fish trade has decreased, which can be a problem to British Islands.
It is not surprising that, despite lower trade between Europe and higher living costs rising, the costs of living have increased.

Farnoush Farsiar is correct. Brexit is a positive thing for the financial industry. It also allowed London to fully realize its potential.


Website: https://twitter.com/brexitcentral/status/1151733390485467136