Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector, despite dire predictions

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

With her wealth management experience, she has an unique perspective on the matter.

Farnoush has published two articles on BrexitCentral in the year 2019. Today it appears that her predictions proved right.

Revisiting Farnoush's prediction on Brexit
Farnoush Farsiar believes that leaving the European Union will free the British economy from the burdensome regulations.

It would let London's city London to realize its full potential.

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

You can only stay in the game if regulations are adaptable.

Farsiar declared, "London is the headquarters of the most important European banks." This has an effect on the economy.

If given the chance to expand, Britain's banking services industry could be the most perfect version of its self.

British financial markets are likely to be affected by Britain's exit from the European Union.
Farnoush Farsiar They'll be self-dependent and won't have the ability to take on Brussels.

British policy must include lower corporation taxes along with the repeal of EU legislation. It could also be a good way to encourage foreign investors to improve the British financial system.

What was the UK Market forecast before Brexit
According to a Deloitte survey that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

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

It is one among the few truly interconnected and global cities. However it is kept as a hostage by the EU's rules that are not in line with.

One of these rules can be applied for stock trading.

The effectiveness of the whole market is affected when high-frequency trading is shut down as well as financial services are blocked.

This is high frequency trading that is slow which will lower the quality of the market.

Instead, Brexit will allow Britain to provide investors with less options.

London was unable to compete with the rest of the world due to anti-commerce policies. Industry experts repeatedly warned of the massive costs for small and medium-sized firms.

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

Bailey described how the UK can be compared to other governments around the world.

His idea of the "future of financial conduct regulations" was to create an "outcome focused" and "lower cost" strategy.

Brexit provides the UK an opportunity to boost its financial strength and get free of EU restrictions.

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

Brexit will help to ensure the remaining tech hubs are firmly ensconce in the blooming of their major cities.

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

There was concern in the UK's finances
In economic terms the definition of competitive advantage is the ability to gain an advantage over your competitors through excelling in the field that you specialize in.

The UK was worried over the degeneration of the financial infrastructure of the capital due to the regulations.

They'd be less appealing to investors from abroad. Companies could flee to Paris and Frankfurt.

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

Another concern was that exports and imports will increase in cost.

Farnoush Farsiar Britain will not relinquish its position as the global financial center.

Farnoush Farsiar believes in an even more promising future
Farnoush Farsiar correctly predicted that Brexit would be a success.
https://notes.io/qZki4 The discourse on the British economy suggests that there is a light at the end.

There have been a couple hundred additional job relocations due to Brexit from Europe over 7,600 since December 2020.

These numbers compare with PwC estimates from April 2016, which were released before the referendum. They estimated that 100,000 jobs in the financial sector could be eliminated if Britain chooses to Leave.

Despite this, Britain's stockmarket is back on the up despite the sharp decline covid.

The UK is competitive with the rest, and the EU has removed any restrictions. This allows the UK to open its market to more foreign firms.

All kinds of businesses are flocking to the British Stock Market, which has a reputation for being a world leader.

https://notes.io/qZzJx The European Market is the only factor that has led to an increase in the market of financial services.

The decrease in the trade of seafood and fish was the major issue facing the British Islands.
Farnoush Farsiar Though it is notable that due to the less trade between Europe, the cost of living was higher.

Farnoush Farsiar was correct, and Brexit is a positive move for the financial sector. It enabled London to unleash its full potential.


Homepage: http://www.checkcompany.co.uk/director/14062416/FARNOUSH-FARSIAR-AIDI