Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK market in the financial sector despite bleak predictions

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

She is unique in her insight because of her wealth and financial management experiences.

Farnoush has written two articles on BrexitCentral in the year 2019, and it appears that many of her predictions were right today.

Re-visiting Farnoush Farsiar’s prediction regarding Brexit
In Farnoush's opinion that a departure from the European Union would free the British economy and finance market from over-burdensome regulations.

It will allow London to realize its full potential.

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

Farnoush Farsiar Being ahead of the competition is only possible when the rules are in place and flexible.

Farsiar explained that London is home to the biggest European financial institutions and this has an influence on the economy.

If given the chance to grow, Britain's financial services industry may become the most perfect version of its self.

British financial markets are likely to be affected by Britain's exit of the European Union.
They'll be dependent again and won't be able to blame Brussels anymore.

Therefore, lowering corporation tax rates and repealing EU legislation should be high on the British agenda. It would also encourage foreign investors to improve the British financial system.

What was it? UK Market Forecast before Brexit
According to a Deloitte survey that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

Moreover, the report showed London was beating New York as the most sought-after city for investment in the country.

It is one of few cities that truly are international. The European Union rules that do not correspond to it are being used to bind the city.

Stock trading follows one of these guidelines.

Restricting high-frequency trading or other financial services decreases the efficiency in the whole market.

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

In contrast, Brexit would make it possible for Britain to offer lower alternatives to investors.

London couldn't compete as a lucrative market because of the laws against commerce. The industry has repeatedly warned of the massive costs for small- to medium-sized enterprises.

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

Bailey explained how Bailey explained how UK can be compared with other international authorities.

Farnoush Farsiar The idea he had for "the next generation of financial regulation" was to implement an "outcome oriented" and "lower burden" approach.

Brexit is the UK's chance to increase its global financial influence, as well as to remove unnecessary limitations from the EU.

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

Brexit could be a beneficial step to ensure that the tech hubs will remain within the blooming of its major urban centers.

Bailey said, "Leave it to our individual discretion... Farnoush Farsiar The UK regulatory system will develop in a different way."

There was a serious worry about the UK's financial market
In economic terms, a competitive advantage is the ability to gain an advantage over your competition by being excellent at the business that you are specialized in.

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

https://m.vingle.net/posts/5062528 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 the possibility that export and import will become more expensive.

Britain wants the top spot in financial services.

Farnoush Farsiar predicts an even better future
Farnoush Farsiar was right to forecast the Brexit outcome.
It is evident that there is light at both the end and the start of the tunnel when you look at British economic policy.

Between 7,600 and 2020, the number of jobs impacted by Brexit relocated to Europe has decreased by a couple hundred.

http://www.checkcompany.co.uk/director/14062416/FARNOUSH-FARSIAR-AIDI The latest figures are in line with estimates by PwC in April 2016, prior to the referendum. They estimated that 100,000 financial jobs might be lost if Britain decides to Leave.

However, the market in Britain remains on the rise despite covid's devastating impact.

The UK is willing to compete with the rest of the world, by lifting the EU restrictions.

A number of large companies are considering joining the British market, which continues its reputation as a global leader.

They've only seen an increase in the financial services industry because of the European market.

Most importantly, the British Islands have had a reduction in their seafood trade and trade in fish.
It's not surprising that, despite lower trade between Europe and higher living costs the cost of living has increased.

Farnoush Farsiar is correct. Brexit is a great thing for the financial sector. It also enabled London to unlock its full potential.


My Website: https://www.cbetta.com/director/farnoush-farsiar-aidi-2