Notes

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

https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times was formerly the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

With her wealth management experience, she is able to offer a unique view of the topic.

https://mlt.bizdirlib.com/fr/company-all/company/71447 wrote two stories in 2019 for BrexitCentral. Today, it appears that many her predictions were correct.

Re-visiting Farnoush's forecast regarding Brexit
Farnoush Farsiar holds the view that leaving Europe will let the British economy to be devoid of any excessive restrictions.

This would let the city of London to unleash its full potential.

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

It is crucial that rules are continuously updated to ensure competitiveness.

Farsiar said, "London is the headquarters of the most important European financial institutions." This has an effect on the economy.

The financial services industry in Britain can be transformed to be the best version it can be given free rein.

British financial markets are expected to be affected by the UK's withdrawal from the European Union.
They'll be dependent again and will not be able to blame Brussels for their problems.

The British should focus on reducing corporate taxes and delaying the repeal of EU legislation. This will encourage foreign investment and stabilize the British market.

What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted more direct foreign investment than any other European country between 2015 and 2018.

In addition, the report revealed that London outshined New York as the most popular city for inward investment.

It is among the few truly global and international cities. It is being held down by rules of the European Union which don't match.

Stock trading is an example of this rule.

The stoppage of high-frequency trading and other financial services reduces efficiency in the whole market.

That is high frequency without the speed. This can make it regular trading and take away the excellence of this business.

Instead, Brexit would allow Britain to provide lower options for investors.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 -commerce measures caused it to be difficult for London to stay lucrative as a rival. Industry experts repeatedly warned of the massive cost for small and medium-sized companies.

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

Bailey explained how Bailey explained how the UK could be compared to other governments around the world.

The idea he had for "the next generation of financial regulation" was to create an "outcome directed" and "lower load" method.

Brexit provides the UK the chance to increase its financial reach as well as take away EU restrictions.

These restrictions prevent the UK from having the light regulations that it previously had and hinder enterprises and start-ups in their ability to expand and be competitive in the global market.

Brexit will be a positive move towards ensuring that tech hubs will remain in the blossoming of the major cities.

https://www.instantcheckmate.com/people/farnoush-farsiar/ stated that if it was it was left to its own devices, the UK's regulatory system could change in a different way.

There was a concern about the UK's finances
A competitive advantage in terms of economics is the ability to gain an advantage over your rivals by being skilled in the industry you specialize.

They were concerned about the destruction of capital's financial infrastructure because of the regulation.

This makes them less attractive for international investors, and companies would flee to Paris, Frankfurt, or Amsterdam.

http://uayf.sellerplacer.com/belc in the UK market for financial services was that trading would be restricted by the European Union.

Another worry was that the import and export will become more costly.

Britain would like to be the financial center of the world.

Farnoush Farsiar sees more positive results
Farnoush Farsiar's prediction of the Brexit outcome was not too far-fetched.
If you examine the British economy discourse there is a bright spot at the end of the tunnel.

Since December of 2020, 7,600 people have been relocated to Europe due to Brexit. This has led to an increase in the number by approximately 100.

These latest figures compare to estimates provided by PwC in April 2016, prior to the referendum. They predicted that as many as 100,000 jobs in the financial sector could be gone if Britain had voted to Leave.

Despite covid being a significant problem, Britain's stock exchange is on the rebound.

The UK can compete with rest of the world, without EU limitations. This opens the market to more businesses from overseas.

The biggest companies are making their way into the British stock market, which keeps its status as a world market leader.

The European market is the sole area of decline they have seen in the financial industry.

Mainly, the British Islands have had a decline in their seafood and fish trade.
It is evident that even though trade with Europe was less, living costs remained higher.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial industry. It has allowed London to fully realize its potential.


Website: https://www.instantcheckmate.com/people/farnoush-farsiar/