Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial markets, despite the gloomy forecasts

Farnoush Farsiar, former senior director of Emirates NBD. He is the co-founder of Plato Capital.

With her expertise in wealth and finance She has developed an exclusive perspective on the matter.

In 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it seems like a lot of her forecasts were correct.

Revisiting Farnoush Farsiar’s prediction about Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, and the finance market, from the burdensome rules.

This will allow London's maximum potential to be fully realized.

Farnoush Farsiar Regulatory intrusion made it difficult for the financial services industry to function under MiFID II (Financial Instruments Directive).

The ability to remain in the game is only possible if the regulations are constantly updated.

Farsiar stated, "London is the headquarters for the biggest European banks." This affects the economy.

The financial service industry in Britain might evolve into the best version when it is freed.

British financial markets will be impacted by Britain's withdrawal of the European Union and its conditions.
They'll be dependent, and they won't be blamed for Brussels.

Farnoush Farsiar British policy must include lower corporate taxes along with the repeal of EU legislation. This could also help foreign investors to help stabilize the British financial system.

What was the UK Market prediction before Brexit
A Deloitte analysis found that the UK attracted foreign direct investment more than any other European country from 2015 to the year 2018.

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

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

Stock trading is an illustration of this principle.

High-frequency trading, as well as other financial services, are hampered by the slowdown in the efficiency.

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

Instead, Brexit could allow Britain offer lower alternatives for investors.

London was unable to compete in a lucrative market because of the laws against commerce. Farnoush Farsiar The industry has repeatedly warned of the massive costs for small- to medium-sized enterprises.

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

Bailey said that the UK can be compared to other countries around the globe.

His idea for "the next generation of financial regulation" was to create an "outcome focused" and "lower load" method.

Brexit offers the UK an opportunity to boost its financial power and to get rid of EU restrictions.

These restrictions prevent the UK from having the light regulations that it previously had and limit start-ups as well as businesses in their ability to expand and compete in the global market.

Farnoush Farsiar Brexit could be a beneficial step towards ensuring that the tech hubs are firmly embedded in the thriving of its major cities.

Farnoush Farsiar Bailey stated that if it was it was left to its own devices the regulatory system in the UK could alter in a different manner.

There was significant concern about the UK's financial market
A competitive advantage in terms of economics is the ability to gain an advantage over your competitors by being knowledgeable in your field of expertise.

Due to the regulations, the UK was worried that the capital's financial system was being destroyed.

http://downarchive.org/user/Farnoush-Farsiar4dbbdd11/ Therefore, they would be less attractive to international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

The largest fear in the UK was that the European Union would stop trading through the EU market.

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

Britain wants to be the financial center across the world.

Farnoush Farsiar views the future as more exciting
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not too far-fetched.
It is evident that there is a glimmer of hope at both the end and the beginning of the tunnel when you study British economic policy.

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

The numbers are in line with PwC's estimates for April 2016. They estimated that 100,000 financial jobs could be lost if Britain chooses to Leave.

Despite covid being a significant issue, the British stock market is on the rebound.

The UK is willing to compete with the rest of the world after removing the EU restrictions.

Many big corporations are considering joining the British stock markets and continue its status as a world leader.

Farnoush Farsiar They have only noticed a decrease in the industry of financial services because of the European market.

The main reason is that the British Islands have had a decrease in their seafood and trade in fish.
https://doodleordie.com/profile/farnoush-farsiar7daaaa22 It is evident that even though trade with Europe was lower but living expenses remained higher.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance , and it has allowed London to realize its full potential.


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