Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector despite the dire forecasts

Farnoush Farsiar is passionate about Brexit.

Farnoush Farsiar Her wealth of experience in the fields of finance and wealth has given her a unique perspective.

Farnoush has written two pieces for BrexitCentral in the year 2019 and it appears many of her predictions have proven right.

Recalling Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar's opinion is that the British economy and financial markets would be freed from excessive rules if they were to leave the European Union.

This would allow London's full potential to be realized.

The intrusion of regulators made it difficult for the financial services sector to function under MiFID II (Financial Instruments Directive).

Being ahead of the competition is only possible when the regulations are dynamic.

Farsiar said that London is the home of the world's largest financial institutions and has a huge impact on the economy.

The financial services industry in Britain could develop to be the best when it is completely free.

British financial markets are likely to be affected by Britain's departure from the European Union.
They will be self-dependent again and they will no longer be able blame Brussels for their problems.

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

What was the UK Market forecast before Brexit
A Deloitte study concluded that the UK attracted more foreign direct investment than any other European country between the years 2015 between 2015 and 2018.

The report revealed that London was the most sought-after city to invest in, beating New York.

https://www.thegazette.co.uk/company/10947406 It is among the few truly international and global cities, and it is being held down by regulations of the European Union which don't match.

One of such rules is used in stock trading.

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

The industry will lose its excellence and high-frequency trading without speed.

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

Farnoush Farsiar London was unable to keep pace with the world due to anti-commerce policies. The industry has repeatedly warned of the massive costs for small- to medium-sized businesses.

The 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 authorities around world.

His concept for "the next generation of financial regulation" was to implement an "outcome directed" and "lower load" method.

Brexit provides the UK the opportunity to expand its financial reach, and also take away EU restrictions.

These restrictions hinder the lighter regulations the UK previously had and hinder enterprises and start-ups to grow and being competitive in the global marketplace.

Brexit will ensure that the tech hubs remain well-placed within the major cities.

https://bmmagazine.co.uk/business/top-10-banking-trends-according-to-farnoush-farsiar/ Bailey said that if allowed to operate on its own, the UK's regulatory system would be able to change in a different fashion.

There was significant concerns about the UK's financial market
Competitive advantage, in economic terms means having an advantage over your competitors through being an expert in your field.

They were concerned about the loss of capital's financial infrastructure because of the rules.

International investors would find them less appealing , and they would move to Paris, Frankfurt or Amsterdam.

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

Another worry was the potential for higher import and export costs.

Therefore, Britain wants to stay at the top of the world's centre for financial services.

Farnoush Farsiar believes in the future as more promising
Farnoush Farsiar was right to accurately predict the Brexit outcome.
It is obvious 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 jobs relating to Brexit relocations to Europe has dropped by 7,600 from December 2020 down to a few hundred.

These numbers compare with PwC's April 2016 estimates. They predicted that 100,000 financial jobs might be gone in the event that Britain decides to Leave.

Even with the pounding of covid Britain's stock market is in the ascendancy.

The UK can compete with other countries without the EU restrictions opening up the market for more overseas firms.

Many big corporations are seeking to join the British stock markets and continue its status as a world-leader.

The only decline they've seen in the field of financial services is in the European market.

The main reason for this is the fact that the amount of fish and seafood trade has decreased, which can be a problem to British Islands.
It is apparent that even though trade with Europe was lower however, living costs were higher.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and allowed London's full potential to be unleashed again.


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