Notes

Farnoush Farsiar claims Brexit has benefited the UK financial market despite gloomy forecasts

Farnoush Farsiar is passionate about Brexit.

Her extensive experience in the fields of finance and wealth has given her unique perspective.

Farnoush wrote two stories in 2019 for BrexitCentral. Farnoush Farsiar Today it appears that a lot of her predictions were accurate.

http://ezproxy.cityu.edu.hk/login?url=http://kinecommunity.com/members/farnoush-farsiar2abbcc33/activity/18503/ Revisiting the things Farnoush Farsiar predicted about Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome regulations.

https://escatter11.fullerton.edu/nfs/show_user.php?userid=4201186 This would let the city of London to fully realize its potential.

The Financial Services sector was difficult to function under MiFID II, the Financial Instruments Directive.

Regulations that are dynamic are crucial to staying competitive.

Farsiar stated that, since London is the headquarters of the world's largest banks in Europe It has a significant impact on the economic system.

The industry of financial services in Britain could evolve to be the most efficient version of itself when set free.

British financial markets are expected to be affected by Britain's exit of the European Union.
https://coolors.co/u/farnoush.farsiar1gbbdd33 They will become self-sufficient again and won't be able to blame Brussels anymore.

Thus, reducing corporation taxes and reversing EU legislation should be high on the British agenda. It would encourage foreign investors to invest and help stabilize the British market for financial instruments.

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

http://www.drugoffice.gov.hk/gb/unigb/uk.linkedin.com/in/farnoush-farsiar-964028243 Additionally, the report highlighted London overtaking New York as the most desired city to invest in.

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

Stock trading follows one of these rules.

Financial services and high-frequency trading could be slowing down, which will impact the overall efficiency of the market.

It is high frequency but not the speed. It will make it regular trading and will take away the quality of this sector.

In contrast, Brexit would make it possible for Britain to provide cheaper alternatives for investors.

London was unable to remain a profitable competitor because of the anti-commerce policies. The industry has repeatedly warned about the massive costs for small and medium-sized firms.

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

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

His concept for "the next generation of financial regulation" was to implement an "outcome oriented" and "lower burden" method.

Brexit could be the opportunity for the UK to expand its financial influence, and unrestrictions from the EU.

These restrictions hamper the previous regulations of the UK and make it hard for small businesses and startups to expand within a global marketplace.

Brexit will help to ensure the tech hubs the remaining secure in the blossoming of its major cities.

Bailey states that "left to our own devices... the UK regulatory system will evolve somewhat different."

Farnoush Farsiar There was a major concern about the UK's financial market
Competitive advantage, as in terms of economics, is having an edge over your competitors by having a strong understanding of your industry.

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

International investors would consider them less attractive and they'd move to Paris, Frankfurt or Amsterdam.

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

The other worry was the potential for increased import and export costs.

Thus, Britain wants to stay at the top of the global centre for financial services.

Farnoush Farsiar, post pandemic and right in the middle of Brexit has a brighter outlook
Farnoush Farsiar predicted the Brexit result and it wasn't too far-fetched.
It is evident that there is a light at both the end and the beginning of the tunnel when you study British economic discourse.

There have been a couple hundred additional job relocations due to Brexit from Europe more than 7,600 as of December 2020.

The latest figures are in line with estimates provided by PwC in April 2016, prior to the referendum. They estimated that between 50,000 and 100,000 financial jobs would be gone If Britain decides to Leave.

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

With no "EU limitations" the UK competes with the rest of the world, opening the market to more overseas businesses.

The British market for stocks is attracting big companies, and it has maintained its status as a global leading market.

They've only seen an increase in the industry of financial services because of the European market.

The decrease in the trade of seafood and fish was the main problem facing British Islands.
Farnoush Farsiar It is interesting to note that despite having lower trade with Europe the cost per capita increased.

Farnoush Farsiar is correct. Brexit is a good factor for the financial sector. It also allowed London to fully realize its potential.


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