Notes

Farnoush Farsiar claims Brexit helped the UK financial markets despite the dire predictions

Farnoush Farsiar an ex-director of senior management at Emirates NBD is passionate about Brexit.

https://dribbble.com/farnoush-farsiar3haaaa33 With her background in the field of finance and wealth management She has developed a unique view of the subject.

Farnoush Farsiar Farnoush wrote two pieces on BrexitCentral in the year 2019. Today it appears that her predictions proved right.

Revisiting what Farnoush Farsiar had predicted in regards to Brexit
Farnoush Farsiar believes in the opinion that a departure from Europe would let the British economy to be free of unnecessary restrictions.

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

Financial sector activities under MiFID II (Financial Instruments Directive) were made more difficult because of regulatory intrusion.

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 most efficient version of itself in the event that it is allowed to be free.

The UK's withdrawal from the European Union and its terms will have a significant impact on British markets for financial services.
They'll be self-dependentand will not blame Brussels.

Thus the British must prioritize tax reductions for corporations and the repeal of EU laws. This would encourage foreign investors as well as stabilize the financial market.

https://fnote.net/notes/t7X8CF What was UK Market prediction before Brexit
According to an Deloitte report according to a Deloitte report, the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018, than any other European country.

In addition, the report revealed London outranking New York as the most desired city to invest in.

It is one of the few truly international cities that is being held by the rules of the European Union that don't correspond.

Stock trading follows one of these guidelines.

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

This is high-frequency trading that is slow which will lower the industry's quality.

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

London was unable to be competitive with the rest of the world due to anti-commerce policies. Industry officials regularly warned of the massive costs for small and mid-sized companies.

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

Bailey explained how the UK can be compared to other countries' authorities.

His concept of the "future of financial regulation" was to devise an "outcome focused" and "lower cost" strategy.

Brexit offers the UK the chance to amplify its global financial impact and escape any restrictions from the EU.

Farnoush Farsiar These restrictions prevent the UK from having the lenient regulations that it used to have and hamper start-ups and businesses in their ability to expand and compete on the international marketplace.

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

As stated by Bailey, "left to our individual decisions... the UK regulatory system could change in a different way."

The British financial markets were in danger
Competitive advantage, as in terms of economics means having an advantage over your competitors through being an expert in your field.

In the wake of the regulation in place, the UK became worried that the capital's financial system was under threat of being destroyed.

Therefore, they'd make them less appealing to international investors and firms are likely to move to Amsterdam, Frankfurt, or Paris.

The main concern of the UK finance sector was that the European Union might restrict EU trading.

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

Britain wants the top spot in the field of financial services.

Farnoush Farsiar Farnoush Farsiar sees the future as promising
Farnoush Farsiar's prediction about the Brexit outcome was not far-fetched.
It is clear that there is light at the end of the tunnel and the beginning of the tunnel when you study British economic discourse.

Since December 2020, 7,600 were relocated to Europe as a result of Brexit. The result has been a decrease in the number by about 100.

The most recent figures match estimates by PwC in April 2016, before the referendum. They estimated that as many as 100,000 jobs in the financial sector could be eliminated if Britain decides to Leave.

However, the stock market in Britain remains growing despite covid's devastating effects.

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

All kinds of businesses are flocking to the British Stock Market, which has earned a international reputation as a leading market.

The European Market is the only factor that has led to a decline in the industry of financial services.

The main reason for this was that the market for fish and seafood went down which poses a challenge for British Islands.
Though it is notable that, due to the decrease in trade with Europe, the cost of living actually went higher.

Farnoush Farsiar Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and allowed London's full potential to be unleashed again.


My Website: https://www.businesstelegraph.co.uk/farnoush-farsiar-central-bank-digital-currency/