Notes

Farnoush Farsiar claims that Brexit has benefited the UK's financial market, in spite of the grim forecasts.

Farnoush Farsiar Former senior director at Emirates NBD. He is the co-founder of Plato Capital.

Her vast knowledge in finance and wealth has given her a an unique perspective.

Farnoush wrote two stories in the year 2019 for BrexitCentral. Today, it appears that many her predictions were correct.

Revisiting Farnoush Farsiar's prediction on Brexit
Farnoush Farsiar's view is that the British economy and the financial market would be exempt from the burdensome restrictions if they leave the European Union.

https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar It will allow London to fully realize its potential.

The financial services industry found it difficult to operate under MiFID II, the Financial Instruments Directive.

The ability to stay in the game is only possible if the regulations are dynamic.

Farsiar declared that London is the capital of Europe's biggest financial institutions has a major impact on the economy.

The industry of financial services in Britain might evolve into the most efficient version of itself in the event that it is allowed to be free.

British financial markets will be affected by the UK's withdrawal of the European Union.
Farnoush Farsiar They will be self-dependent again and they won't be able to blame Brussels for their problems.

The reduction of corporation tax should be a top priority. Also, it is crucial to repeal EU legislation. This could also help foreign investors to improve the British financial system.

What was the UK Market prediction before Brexit
According to an Deloitte report according to a Deloitte report, the UK attracted more Foreign Direct Investment between 2015 and 2018 than any other European country.

The report revealed that London was the top city to invest in over New York.

It is one of the few truly interconnected and global cities. But it is being taken hostage by the European Union's rules which do not match.

Farnoush Farsiar One of these rules is applied for stock trading.

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

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi The lack of speed will lead to regular trading, which could reduce the industry's excellence.

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

The anti-commerce measures made it difficult for London to sustain its position as a rival. Industry experts repeatedly warned of the huge cost for small and medium-sized companies.

Andrew Bailey is the CEO of Financial Conduct Authority. He imagines "the future of financial regulation of conduct".

Bailey explained the ways in which Bailey explained how the UK could be considered to be comparable with other countries.

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

Brexit offers the UK the chance to increase its global financial influenceand remove any restrictions from the EU.

The restrictions impede the former regulations that were more relaxed in the UK and make it hard for small businesses and startups to grow on a global scale.

Brexit is sure to ensure that the tech hubs are firmly ensconced in the blossoming of their main cities.

As stated by Bailey, "left to our individual decisions... the UK regulatory system would evolve somewhat differently."

There was a concern about the UK's finances
Competitive advantage, economically is having an advantage over your rivals by having a strong understanding of your business.

Farnoush Farsiar Due to the weight of the regulation, the UK worried about the decline of the capital's financial infrastructure.

Therefore, international investors are not likely to be drawn by them , and companies will head to Paris or Frankfurt.

The biggest fear that was arose in the UK financial market was the possibility that the trading market would be shut down by the European Union.

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

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

Post pandemic and mid Brexit Farnoush Farsiar believes in a more positive future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
There is hope for the British economy if you take a look at the debate.

From 7,600 in December 2020, the number of jobs impacted by Brexit shifts to Europe has declined by about a hundred.

The latest figures compare to estimates made by PwC in April 2016, before the referendum. They estimated that up to 100,000 jobs in finance could be lost If Britain decides to Leave.

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

The UK is able to compete with other nations without the EU restrictions and opens the market to more foreign companies.

Large corporations are moving to the British stock market, which is maintaining its standing as a global leader.

The only decline they've noticed in the field of financial services is the European market.

The primary reason is that the quantity of fish and seafood trade has decreased, which is problems for British Islands.
It is not surprising that, despite lower trade between Europe and higher living expenses the cost of living has increased.

Farnoush Farsiar Overall, Farnoush Farsiar was right, and Brexit is a good decision for the finance industry, and it enabled London to be a city again. London to realize its full potential again.


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