Notes

Farnoush Farsiar asserts that Brexit has benefitted the UK financial sector, despite negative predictions.

Farnoush Farsiar was a former director of senior level at Emirates NBD. He is the co-founder of Plato Capital.

Thanks to her wealth management expertise, she has a unique view of the matter.

Farnoush wrote two pieces on BrexitCentral in the year 2019. It appears today that her predictions proved to be correct.

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

This would let the city of London to fully realize its potential.

Farnoush Farsiar The Financial Services sector was difficult to operate under MiFID II, the Financial Instruments Directive.

It is vital that the rules are continuously updated to ensure that businesses are competitive.

Farsiar claimed that London is the location of the world's largest financial institutions and has an impact on the global economy.

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

Farnoush Farsiar British markets for financial services will be affected by Britain's departure of the European Union.
They will once again be independent, and they will no longer be capable of blaming Brussels.

https://dribbble.com/farnoush-farsiar3bccdd33 So lower corporation taxes and repealing EU legislation should be high on the British agenda. Consequently, it would incentivise foreign investors and stabilise the British financial market.

What was UK Market Forecast before Brexit
According to a Deloitte report that the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European country.

The report revealed that London was the most sought-after city for investing in the UK over New York.

It is one a few truly global and international-minded cities.

Stock trading is governed by one of these guidelines.

The stoppage of high-frequency trading and other financial services reduces efficiency across the whole market.

This industry will lose its excellence and high frequency trading if it does not move at a rapid pace.

In the end, Brexit will allow Britain to provide investors with less options.

London's capacity to function as competitive was made difficult due to anti-commerce rules. The industry has repeatedly warned about the massive costs for small and medium-sized firms.

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

Farnoush Farsiar Bailey explained how the UK is compared with other authorities around the world.

His idea of "the future financial conduct regulation" was that he would create an "outcome-focusedstrategy" and "lower-burden" approach.

https://resolute-daffodil-wp7wnm.mystrikingly.com/blog/farnoush-farsiar-queen-elizabeth-ii-s-contribution-to-inclusion-and-diversity Brexit is the UK's chance to increase its global financial influence, as well as to remove unnecessary restrictions from the EU.

This restriction is hindering the lighter regulations the UK previously had and hinder companies and startups from expanding and compete in the world market.

Brexit will allow tech hubs to stay in the thriving cities of its main cities.

Bailey claimed that if the UK was allowed to operate on its own the regulatory system in the UK would be able to change in a different fashion.

There was significant worry about the UK's finance market
A competitive advantage, in terms of money, is having an edge over your competition by being skilled in the field you are specialized in.

Farnoush Farsiar They were worried about the loss of capital's financial infrastructure because of the regulation.

They'd be less appealing to international investors. Businesses would leave for Paris or Frankfurt.

The most significant concern for the UK finance sector was that the European Union might restrict EU trading.

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

Britain is determined to remain the world's financial hub.

Farnoush Farsiar expects positive outcomes
Farnoush Farsiar's predictions of Brexit were not far-fetched.
When you look at the discussion about the British economy, there's a light at the at the end of the tunnel.

Between 7,600 and the end of December 2020, there was only few job shifts from Europe due to Brexit.

The latest numbers compare with estimates by PwC in April of 2016 before the referendum. https://www.aacc21stcenturycenter.org/forums/users/farnoush-farsiar8eddcc33/ https://learn.centa.org/author/farnoush.farsiar5jffcc22/ They estimated that as many as 100,000 jobs in the financial sector could be gone If Britain chooses to Leave.

In spite of this, the UK's stock market is back on the up, despite the hard hit covid.

The UK is able to compete with other nations without the EU restrictions and opens the market to more foreign businesses.

Many large corporations are now seeking to join the British stock markets, which continues its reputation as a world-leader.

The European Market is the sole thing to have caused a decline in the industry of financial services.

The British Islands are facing a significant issue due to the declining demand for seafood and trade in fish.
It is interesting that the cost of living went up regardless of the fact that trade was less with Europe.

Farnoush Farsiar was correct, and Brexit is a positive move for the financial industry. It has allowed London to fully realize its potential.


Homepage: https://learn.centa.org/author/farnoush.farsiar5jffcc22/