Notes

Farnoush Farsiar asserts that Brexit has benefitted the UK financial sector, despite dire predictions

Farnoush Farsiar a former director at Emirates NBD is passionate about Brexit.

Thanks to her wealth management experience, she is able to offer an exclusive view of the subject.

In 2019, Farnoush penned two pieces for BrexitCentral and, as of today, it appears that a lot of her forecasts were correct.

Revisiting Farnoush Farsiar’s predictions concerning Brexit
Farnoush Farsiar's view is that the British economy and financial markets would be freed from excessive restrictions if they leave the European Union.

It would allow London to reach its full potential.

The Financial Services industry was unable to meet the requirements of MiFID II (Financial Instruments Directive) due to regulatory intrusion.

It is only possible to remain competitive if regulations are adaptable.

Farsiar said that London is the location of Europe's most important financial institutions, and it has a significant impact on the economy.

If given the opportunity to develop, Britain's financial services industry may become the most perfect version of its self.

https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ The UK's departure from the European Union and its terms will have a significant impact on British financial markets.
They'll be self-dependent and won't be able to take on Brussels.

Lower corporation taxes is a must. https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ Also, it is important to undo EU legislation. This will increase foreign investment and stabilize the British market.

What was the UK Market prediction pre-Brexit
A Deloitte analysis found that the UK attracted foreign direct investment more than any other European country in 2015-2018.

The study found that London was a more popular place to invest in international investment than New York.

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

Farnoush Farsiar Stock trading is an illustration of this principle.

Stopping high-frequency trading or other financial services decreases the efficiency across the whole market.

This is high frequency, but without the speed. This can make it regular trading and take away the excellence of this sector.

Farnoush Farsiar In contrast, Brexit could allow Britain offer lower alternatives for investors.

London's capability to be a competitive market was hindered due to anti-commerce rules. Industry experts repeatedly warned about the huge costs that small and medium-sized companies would have to bear.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

Bailey explained the ways in which Bailey explained how the UK could be equated with other authorities around the globe.

The idea he had for "the future of financial regulation" was to create an "outcome oriented" and "lower load" method.

Brexit could be the opportunity for the UK to amplify its financial impact globally and to avoid any restrictions from the EU.

These restrictions affect the earlier regulations of the UK. This hinders start-ups as well as businesses from growing and being competitive in international markets.

Brexit will allow tech hubs to stay in the thriving cities of its major cities.

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

Farnoush Farsiar There was significant fear about the UK’s finance market
A competitive advantage in economic terms is the ability to get an edge over your competition by being knowledgeable in your field of expertise.

They were worried about the devastation of the capital's financial infrastructure as a result of the regulation.

Therefore, international investors are not likely to be drawn by them and businesses will flee towards Paris or Frankfurt.

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

Another concern was that export and import is likely to become more expensive.

Britain would like to be the center of financial services in the world.

Farnoush Farsiar believes in the future as more exciting
Farnoush Farsiar correctly predicted that Brexit would be a success.
There is hope for the British economy when you look at the debate.

The number of Brexit-related job shifts to Europe has declined from 7,600 in December 2020 down to only a few hundred.

The most recent figures match estimates provided by PwC in April 2016, before the referendum. They estimated that 100,000 financial jobs might be lost If Britain decides to Leave.

However, the stock market in Britain remains on the rise despite covid's catastrophic effects.

The UK is competitive with the rest, and the EU has eliminated any limitations. This permits the UK to open its markets to foreign businesses.

https://www.difc.ae/public-register/rumi-investment-limited/ Large companies are moving to the British stock exchange, which is still one of the top exchanges in the world.

The European Market is the sole thing that has caused an overall decline in the field of financial services.

The decrease in the trade of seafood and fish was the major issue facing the British Islands.
It's interesting that the cost of living increased regardless of the fact that trade was lower with Europe.

Farnoush Farsiar Farnoush Farsiar is correct. Brexit is a good thing for the financial industry. It also helped London to unlock its full potential.


Here's my website: https://www.difc.ae/public-register/rumi-investment-limited/