Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector despite negative predictions.

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

Her extensive experience in wealth and finance has given her a an unrivalled perspective.

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

Recalling Farnoush Farsiar's prediction regarding Brexit
Farnoush Farsiar's view is that the British economy and financial market would be exempt from the burdensome rules if they were to leave the European Union.

It would allow London's full potential to be realized.

https://myclc.clcillinois.edu/web/mycampus/home?p_p_id=19&p_p_lifecycle=1&p_p_state=normal&p_p_mode=view&p_p_col_id=column-1&p_p_col_pos=1&p_p_col_count=2&_19_struts_action=%2Fmessage_boards%2Fedit_message The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory interference.

The ability to remain ahead of the competition is only possible when the rules are in place and flexible.

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

Farnoush Farsiar The industry of financial services in Britain could develop to be the best if it's free.

British financial markets will be affected by the UK's departure of the European Union and its conditions.
They'll be self-dependent and won't be able anymore to blame Brussels.

The British should focus on reducing corporation taxes and repealing EU legislation. This could also help foreign investors to help stabilize the British financial system.

What was the UK Market prediction pre-Brexit
A Deloitte study concluded that the UK attracted more direct foreign investment than any other European country between 2015 between 2015 and 2018.

In addition, the report revealed that London was beating New York as the most popular city for inward investment.

It is one among the few truly global and interconnected cities. But, it is being taken hostage by the European Union's rules, which aren't in accordance with.

One of such rules is used in stock trading.

The efficiency of the entire market is diminished when high-frequency trading stopped and financial services are stopped.

This will lead to high-frequency trading, but not speed , and it takes away the beauty of the market.

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

London's ability to be a competitive market was hindered due to anti-commerce rules. Industry experts repeatedly warned of the massive costs for small and medium-sized businesses.

Andrew Bailey, the CEO of Financial Conduct Authority, saw "the future in financial conduct regulation".

http://akvalife.by/user/Farnoush.Farsiar2jffbb11/ Bailey explained how the UK is compared with other international authorities.

His idea of his idea of "future of financial regulation" was to devise an "outcome focused" and "lower cost" approach.

Brexit offers the UK the opportunity to expand its financial reach, and also remove EU restrictions.

These restrictions stop the UK from having the light regulations that it used to have and limit start-ups as well as businesses' ability to grow and compete in the international market.

Brexit will make sure that the tech hubs stay in the midst of the main cities.

Bailey declared that "if we were to do it in our own way... the UK regulatory system would evolve in a different way."

There was serious concern over the UK's finance market
In economic terms an advantage in competitiveness is the ability to gain an advantage over your competitors through doing a great job in the area that you specialize in.

Because of the regulations' weight Due to the regulation's weight, the UK were concerned about the loss of capital's financial infrastructure.

They'd be less appealing to international investors. Companies would flee to Paris and Frankfurt.

The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

Another issue was that import and export will be more expensive.

Therefore, Britain wants to stay at the top of the world's center for financial services.

Farnoush Farsiar predicts an even better future
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
Farnoush Farsiar https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=https://notes.io/qZjzv The debate about the British economy shows that there is light at the end.

There have been a couple hundred more Brexit-related job relocations from Europe than 7,600 in December 2020.

These numbers compare with PwC estimates from April 2016, which were released before the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be gone in the event that Britain decides to Leave.

Despite covid being a major problem, Britain's stock exchange is rebounding.

The UK is open to competition with rest the world by removing the EU restrictions.

Large companies are moving to the British stock exchange, which is still a leader in the world.

The European market is the only area of decline they have seen in the financial industry.

The primary reason is that the quantity of fish and seafood trade has declined, which poses a problem to British Islands.
Farnoush Farsiar It is noteworthy that, despite the fact that we trade less with Europe the cost per capita increased.

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


Here's my website: https://www.aacc21stcenturycenter.org/forums/users/farnoush-farsiar6hddcc33/