Notes

Farnoush Farsiar claims Brexit was a blessing to the UK financial markets despite the dire predictions

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

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

In 2019, Farnoush wrote two articles for BrexitCentral Today, it seems like a lot of her forecasts were right.

Re-visiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar's view is that the British economy and the financial market will be free of excessive restrictions if they leave the European Union.

It would enable London city to unlock its potential to the fullest extent.

Financial sector activities under MiFID II (Financial Instruments Directive) were made more difficult due to regulatory interference.

Regulations that are dynamic are crucial to keeping your business competitive.

Farsiar said that London is the location of the world's largest financial institutions and has a huge effect on the economy.

Farnoush Farsiar The financial services industry in Britain could evolve to be the best version in the event that it is allowed to be free.

British financial markets may be affected by the UK's departure from EU and its conditions.
They will become self-sufficient again and won't be able to blame Brussels any longer.

The British should focus on reducing corporate taxes and delaying the repeal of EU legislation. This could encourage foreign investment and stabilize the British market.

What was the UK Market forecast before Brexit
According to an Deloitte report that the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European Country.

The study found that London was the most popular location for investment in the UK than New York.

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

Farnoush Farsiar Stock trading is an example of this rule.

The efficiency of the entire market is diminished when high-frequency trading shut down as well as financial services are stopped.

https://500px.com/p/taylorqwvhayes This is high-frequency trading that is slow that will decrease the quality of the market.

Instead, Brexit would make it possible for Britain to provide lower options to investors.

London could not compete with the rest of the world because of its anti-commerce policies. Industry experts repeatedly warned about the cost-intensive costs small and medium-sized companies would be forced to pay.

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

Bailey explained the ways in which Britain could be compared with other authorities around the world.

His idea of "the future of financial conduct regulation" was to develop an "outcome-focused" as well as a "lower burden" approach.

Brexit could be the opportunity for the UK to expand its financial influenceand remove any restrictions of the EU.

These restrictions hamper the former regulations that were more relaxed in the UK and make it difficult for small businesses and startups to grow in a global market.

Brexit can help ensure that the tech hubs remain fully ensconced in the flourishing of the major cities.

Bailey said Bailey that "if we did it the way we want to... the UK regulatory systems would develop in a different way."

There was a serious concern about the UK's finance market
Competitive advantage is described as the ability to gain an edge in your industry by doing the best in what you do.

Due to the regulation's weight due to its weight, the UK were concerned about the demise of the capital’s financial infrastructure.

International investors might find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

The biggest concern in the UK finance industry was the possibility that the European Union might restrict EU trading.

Another reason to be concerned was that import and export will increase in cost.

Farnoush Farsiar Thus, Britain wants to stay at the top of the world's financial services hub.

Farnoush Farsiar believes in an even better future
Farnoush Farsiar's predictions about Brexit were not too far-fetched.
The discourse regarding the British economy shows that there is light at the end.

Since December of 2020, 7,600 people have been relocated to Europe in the wake of Brexit. The result has been an increase in the number by approximately 100.

These numbers compare with the April 2016 estimates of PwC. They forecasted that as high as 100,000 jobs in the financial sector could be gone If Britain had voted to Leave.

Despite the fact that covid has been having a hard time the UK's stock markets are returning to a higher level.

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

Big firms are making their way to the British stock market, which keeps its standing as a global market leader.

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

Farnoush Farsiar The most important reason is the fact that the amount of fish and seafood trade has decreased, which can be a problem to British Islands.
Though it is notable that because of the lower trade relations with Europe the price of living did get higher.

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


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