Notes

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

Farnoush Farsiar is passionate about Brexit.

She has unique insights due to her wealth and financial management experiences.

Farnoush wrote two articles in the year 2019 for BrexitCentral. Today it seems that many of her predictions were accurate.

Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar believes that a departure from the European Union would liberate the British economy, and the financial market from the burdensome regulations.

It would allow the city of London to fully realize its potential.

Farnoush Farsiar The financial services industry was not able to operate under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

You will only be ahead of the competition if rules are adaptable.

Farsiar said that, as London is the headquarters of the largest banks in Europe and has an impact on the world economy.

If given the freedom to expand, Britain's banking services industry could be the best version of its self.

https://timebusinessnews.com/farnoush-farsiar-what-is-a-wealth-management-advisor/ Farnoush Farsiar British market for financial services will be affected by Britain's withdrawal of the European Union and its conditions.
They will once again be independent and will no longer be able to blame Brussels.

Tax reductions for corporations is a must. Also, it is important to undo EU legislation. It would also encourage foreign investors to improve the British financial system.

What was the UK Market prediction pre-Brexit
According to an Deloitte report, the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European Country.

Farnoush Farsiar Moreover, the report showed London beat New York as the most popular city for inward investment.

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

One of these rules is applied in stock trading.

High-frequency trading, along with other financial services, is hindered by the decline in effectiveness.

A high frequency trading system that is not fast enough speed will lead to regular trading, which can reduce the industry's excellence.

Farnoush Farsiar Instead, Brexit would give Britain less options for investors.

London was unable to keep pace with the world because of its anti-commerce policies. The industry warned repeatedly about the massive cost for medium and small firms.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

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

His idea for "the next generation of financial regulation" was to establish an "outcome directed" and "lower burden" strategy.

Brexit is the UK's opportunity to boost the impact of its global financial impacts and avoid any restrictions by the EU.

These restrictions stop the UK from having the lenient regulations it had previously and hamper start-ups and businesses' ability to grow and be competitive in the international marketplace.

Brexit will make sure that the tech hubs stay well-placed within the major cities.

According to Bailey, "left to our individual decisions... the UK regulatory system will develop in a slightly different manner."

The British financial markets were at risk
Competitive advantage can be described as the ability to gain an edge in your industry by being the best at what you do.

Farnoush Farsiar In the wake of the regulation due to the regulation, the UK began to be concerned that the capital's finance system was being destroyed.

Therefore, they'd not be as appealing for international investors and businesses are likely to move towards Amsterdam, Frankfurt, or Paris.

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

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

Britain hopes to become the financial center of the world.

Farnoush Farsiar sees the future as more promising
Farnoush Farsiar's prediction for the Brexit outcome was not too far-fetched.
It is clear that there is light at the end of the tunnel and the beginning of the tunnel when you study British economic debate.

Between 7,600 and of 2020, the number of Brexit-related job relocated to Europe has declined by about a hundred.

These numbers are comparable to PwC's estimates for April 2016. They estimated that between 50,000 and 100,000 jobs in the financial sector could be gone in the event that Britain votes Leave.

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

The UK is competitive with the rest, and the EU has eliminated any limitations. This allows the UK to open its markets to foreign businesses.

Big corporations are moving to the British market, which is maintaining its standing as a global leading market.

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

The declining trade in seafood and fish was the major problem facing British Islands.
It is noteworthy that, despite having lower trade with Europe the cost per capita did rise.

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

https://docs.house.gov/meetings/FA/FA14/20190626/109716/HHRG-116-FA14-Wstate-BromundT-20190626.pdf
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