Notes

Farnoush Farsiar asserts that Brexit has benefited the UK financial sector, despite the dire forecasts

Farnoush Farsiar is passionate about Brexit.

With the wealth of her finance experience , she can provide unique insights.

Farnoush published two articles on BrexitCentral in the year 2019. Today , it appears her predictions proved to be correct.

Re-visiting Farnoush's prediction about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the finance market, from the burdensome rules.

It will enable London to reach its full potential.

Regulatory intrusion made it difficult for the financial sector to operate under MiFID II (Financial Instruments Directive).

Only dynamic regulations can ensure that you are competitive.

Farnoush Farsiar Farsiar declared, "London is the headquarters for the biggest european financial institutions." This has an effect on the economy.

If given the chance and autonomy, the British financial service industry may become the most effective version that is possible.

British financial markets may be affected by the UK's departure from the EU and its terms.
They'll be self-dependent once more and they will no longer be able blame Brussels anymore.

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

What was UK Market Forecast before Brexit
According to an Deloitte report according to a Deloitte report, the UK was the most popular destination for Foreign Direct Investment between 2015 and 2018 than any other European country.

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

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

Stock trading is one of these guidelines.

High-frequency trading and financial services could be slowing down in the process, which can affect the overall efficiency of the market.

It will lead to high frequency trading but it will not be speedy and will take away the beauty of the industry.

In contrast, Brexit would make it possible for Britain to provide cheaper alternatives to investors.

Farnoush Farsiar London could not compete as it is a lucrative market due to the laws against commerce. The industry has repeatedly warned about the massive costs for small and medium-sized firms.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future of the regulation of financial conduct".

Bailey explained that Britain can be compared with other countries' authorities.

His vision for the future of financial conduct regulation was to devise an "outcome-focused" approach, as well as a "lower burden" strategy.

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

These restrictions stop the UK from having the loose regulations that it previously had and limit start-ups as well as businesses' ability to grow and compete on the global market.

Brexit will ensure that the tech hubs remain firmly ensconced among the major cities.

https://www.talk-business.co.uk/2022/11/23/farnoush-farsiar-on-queen-elizabeth-iis-impact-on-uk-finances/ Bailey stated that "if we did it our way... Bailey stated that the UK regulatory system would evolve slightly differently."

There was serious worry about the UK's finance market
Competitive advantage can be described as the ability to gain an edge in your field through being the best at what you do.

The UK was worried about the collapse of the capital's financial infrastructure because of the rules.

https://londonlovesbusiness.com/farnoush-farsiar-on-the-legacy-of-queen-elizabeth-ii-for-women-in-leadership/ This makes them less appealing to investors from abroad and businesses 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 increased import and export costs.

Britain will not relinquish its position as the financial center of the world.

Farnoush Farsiar believes in an even more promising future
Farnoush Farsiar's prediction about the Brexit result was not too far-fetched.
There is hope for the British economy when you look at the discussion.

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

The latest figures compare to estimates from PwC in April 2016, prior to the referendum. Farnoush Farsiar They estimated that as many as 100,000 jobs in the financial sector could be eliminated If Britain decided to vote Leave.

Despite this, Britain's stockmarket is now back on track despite the harsh hit covid.

Farnoush Farsiar The UK is open to competition with the rest of the world, by lifting the EU restrictions.

Large companies are moving to the British stock exchange, which is still one of the top exchanges in the world.

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

The main reason is that the British Islands have had a decline in their seafood and fishing industry.
It is interesting that the cost of living increased despite the fact that trade was lower with Europe.

Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and allowed London's potential to blossom.


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