Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial market, in spite of the grim forecasts.

Farnoush Farsiar was formerly an executive director at Emirates NBD and is passionately involved with Plato Capital.

With her expertise in finance and wealth management she has gained a unique view of the subject.

Farnoush wrote two pieces on BrexitCentral in 2019. http://uznt42.ru/index.php?subaction=userinfo&user=Farnoush-Farsiar4cffaa22 Today , it appears her predictions were correct.

Recalling Farnoush's prediction regarding Brexit
In Farnoush Farsiar opinion that a departure from the European Union would free the British economy and finance market from excessively burdensome rules.

This would enable London's city London to unleash its full potential.

A regulatory intrusion has made it hard for the financial services industry to operate within MiFID II (Financial Instruments Directive).

Being competitive is only possible if the regulations are constantly updated.

Farsiar claimed that London is home to Europe's most important financial institutions and has a huge influence on the economy.

The British financial sector could be transformed to become the most efficient version it could be when given free rein.

British market for financial services will be impacted by the UK's departure of the European Union and its conditions.
They will become independent once more and will no longer be in a position to blame Brussels.

Therefore, lowering corporation tax rates and reversing EU legislation should be top on the British agenda. This will boost foreign investment and help stabilize the British market.

What was the UK Market prediction pre-Brexit
According to a Deloitte study that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European nation.

Additionally, the report highlighted London overtaking New York as the most desirable city for inward-investment.

It is among the few truly interconnected and global cities. But, it is being kept hostage by European Union's rules that are not in line with.

One of these rules can be utilized in the stock market.

The efficiency of the entire market is impaired when high-frequency trading is stopped and financial services are stopped.

This is high frequency, but without the speed. This will make it regular trading and will diminish the high-quality of this industry.

In contrast, Brexit would allow Britain to offer less options to investors.

London found it hard to sustain a competitive advantage because of the anti-commerce rules. The industry has repeatedly warned about the enormous costs for small- and medium-sized companies.

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

Bailey explained how the UK can be compared to other countries' authorities.

The idea he had to create "the future of financial regulation" was to implement an "outcome focused" and "lower burden" method.

Brexit gives the UK the opportunity to expand its financial reach and eliminate EU restrictions.

These restrictions hinder the lighter regulations the UK had before and inhibit enterprises and start-ups to grow and being competitive on the global market.

Brexit will allow tech hubs to remain in the thriving cities of its main cities.

As expressed by Bailey, "left to our individual decisions... the UK regulatory system will change in a different way."

There was a major worry about the UK's finance market
Competitive advantage is defined as the ability to gain an edge in your field through doing the best in your job.

They were concerned about the destruction of the capital's financial infrastructure as a result of the rules.

They'd become less appealing for international investors. Businesses would leave for Paris or Frankfurt.

The main fear of the UK financial market was that trading would be regulated by the European Union.

Another reason to be concerned was that export and import will become more costly.

https://zippyshare.com/farnoush.farsiar9eccdd33 Britain wants to be the financial center of the world.

Mid Brexit Farnoush Farsiar predicts an optimistic future
Farnoush Farsiar's predictions for Brexit were not too far-fetched.
There is hope for the British economy if you look at the discussion.

The number of Brexit-related job relocations to Europe has declined by 7,600 from December 2020 down to a few hundred.

These latest figures compare to estimates provided by PwC in April of 2016 before the referendum. Farnoush Farsiar They estimated that up to 100,000 financial jobs could be lost in the event of Britain choosing to vote Leave.

But, the stock market in Britain remains growing despite covid's devastating impact.

The UK is able to compete with other nations without the EU restrictions, which opens up the market for more overseas businesses.

The biggest corporations are moving to the British stock market, which is maintaining its reputation as a world market leader.

The European Market is the sole factor that has led to an increase in the market of financial services.

Mainly, the British Islands have had a decrease in their seafood and trade in fish.
http://usa.72tv.ru/usa/index.php?subaction=userinfo&user=Farnoush.Farsiar3Lbbcc33 Though it is notable that because of the lower trade relations with Europe however, the cost of living was higher.

Farnoush Farsiar was correct, and Brexit is a positive move for the financial industry. It enabled London to unleash its full potential.

Farnoush Farsiar
My Website: https://zippyshare.com/farnoush.farsiar9eccdd33