Notes

Farnoush Farsiar claims that Brexit has benefited the financial markets of the UK, in spite of the grim forecasts.

Farnoush Farsiar is passionate about Brexit.

Her vast knowledge in finance and wealth has given her unique perspective.

Farnoush has written two articles for BrexitCentral in 2019 and it appears many of her predictions were accurate.

https://www.creabox.es/members/farnoush-farsiar2laadd33/ Recalling Farnoush's prediction about Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome rules.

It will allow London to maximize its potential.

The Financial Services industry was not able to adhere to MiFID II (Financial Instruments Directive) due to the intrusion of regulators.

Farnoush Farsiar You can only stay competitive if regulations are adaptable.

Farsiar said that London is home to Europe's most important financial institutions and has an influence on the global economy.

https://warebuilt.com/members/farnoush-farsiar4fccaa33/activity/138640/ The British financial services sector could be transformed into the most efficient version it could be when given free rein.

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

Farnoush Farsiar Thus the British must prioritize tax reductions for corporations and abrogating EU laws. It would encourage foreign investors to invest and help stabilize the British market for financial instruments.

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

Furthermore, the report found that London was beating New York as the most well-known city for investing in foreign capital.

It is one of the few truly global and interconnected cities. And it's restricted by regulations of the European Union which don't match.

Stock trading is one illustration of this rule.

Restricting high-frequency trading or other financial services can reduce efficiency across the whole market.

The industry will fall short of its excellence and high frequency trading without speed.

https://brexitcentral.com/author/farnoush-farsiar/ Instead, Brexit would allow Britain to provide lower options for investors.

London was unable to be competitive with the rest of the world due to anti-commerce policies. The industry repeatedly warned over the massive costs for small- and medium-sized companies.

Farnoush Farsiar Andrew Bailey is the CEO of Financial Conduct Authority. He envisions "the future for financial conduct regulation".

Farnoush Farsiar Bailey explained the ways in which Britain could be compared with other governments around the world.

His idea of the future of the financial conduct regulatory system was to create an "outcome-focused" approach, as well as a "lower burden" method.

Brexit gives the UK the chance to increase its financial power and get free of EU restrictions.

These restrictions impact the earlier regulations of the UK. This can hinder start-ups as well as businesses from expanding and becoming competitive on international markets.

Brexit will be a positive step towards ensuring that the tech hubs are firmly embedded within the blooming of its major urban centers.

As expressed by Bailey, "left to our own devices... the UK regulatory system would change in a different way."

The UK's finance markets were in danger
Competitive advantage, economically is having an advantage over your rivals through having a strong understanding of your industry.

As the regulations weighed down on them as well, people in the UK were concerned the capital's financial system was being disassembled.

Thus, foreign investors are not likely to be drawn by them and businesses will flee to Paris or Frankfurt.

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

Another concern was the fact that export and import will increase in cost.

Britain is determined to remain the financial center of the world.

Mid Brexit Farnoush Farsiar sees a more positive future
Farnoush Farsiar was right to accurately predict the Brexit outcome.
In the debate about the British economy, there is a light at the end of the tunnel.

The number of job relocations to Europe has declined from 7,600 in December 2020 down to only a few hundred.

These numbers compare with PwC estimates from April 2016, which were released prior to the referendum. They predicted that the United Kingdom could lose as many as 100,000 jobs in finance should it vote Leave.

Despite the fact that covid is a huge issue, the British stock market is gaining momentum.

Without the "EU restrictions" the UK is competitive with the rest of the world which opens the market to more foreign businesses.

The British market for stocks is attracting big companies, and it has maintained its status as a global market leader.

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

Mainly the trade of fish and seafood went down and this is a major issue for British Islands.
It's interesting to note that the cost of living increased regardless of the fact that trade was lower with Europe.

Overall, Farnoush Farsiar was right and Brexit is a good decision for the finance industry, and it enabled the city of London to realize its full potential once again.


Website: https://www.creabox.es/members/farnoush-farsiar2laadd33/