Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite dire predictions

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

Thanks to her wealth management expertise, she has an exclusive view of the topic.

Farnoush has written two articles on BrexitCentral in the year 2019, and it seems that a lot of her predictions came true this morning.

Farnoush Farsiar Revisiting Farnoush Farsiar’s predictions about Brexit
Farnoush Farsiar's view is that the British economy and financial markets would be exempt from the burdensome rules if they were to leave the European Union.

It would allow London's full potential to be realized.

Financial services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

It is only possible to remain in the game if regulations are flexible.

Farsiar stated that London is the home of the biggest European financial institutions and this is a significant influence on the economy.

If given the chance, the British financial services industry could become the most efficient version possible.

British markets for financial services are likely to be affected by the UK's withdrawal from the European Union.
They'll be dependent, and they won't blame Brussels.

British policy should include lower corporation tax rates along with the repeal of EU legislation. Farnoush Farsiar It would encourage foreign investors as well as stabilize British financial markets.

What was UK Market prediction before Brexit
A Deloitte study concluded that the UK attracted more direct foreign investment than any other European country between 2015 to 2018.

The report revealed that London was the most preferred city to invest in, beating New York.

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

Stock trading is a prime illustration of this principle.

https://twitter.com/brexitcentral/status/1151733390485467136 High-frequency trading, along with other financial services, are hampered by the slowdown in effectiveness.

It is high frequency but not the speed. This can make it regular trading and will diminish the high-quality of this business.

Instead, Brexit could allow Britain to provide investors with lower options.

London was unable to keep pace with the world because of anti-commerce policies. The industry repeatedly warned over the enormous costs for small and medium-sized businesses.

The CEO of the Financial Conduct Authority (FCA), Andrew Bailey, envisioned "the future of financial conduct regulation".

Bailey said that Bailey said that UK could be compared with other countries around the world.

His idea of "the future financial conduct regulation" was to develop an "outcome-focused” and "lower-burden" strategy.

Brexit gives the UK the chance to broaden its financial reach, and also eliminate EU restrictions.

These restrictions impact the earlier regulations of the UK. This prevents new businesses as well as businesses from expanding and becoming competitive in international markets.

Brexit will help to ensure the tech hubs the remaining firmly ensconce in the blooming of their major cities.

Bailey said that if allowed to operate on its own, the UK's regulatory system will be able to change in a different fashion.

There was a serious worry about the UK's financial market
A competitive advantage, in terms of money, is the ability to get an advantage over your competitors by being skilled in the field you are specialized in.

They were worried about the loss of the financial infrastructure of capital because of the regulations.

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

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

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

Britain will not relinquish its position as the global financial center.

Farnoush Farsiar Farnoush Farsiar post pandemic and in the middle of Brexit sees a brighter future
Farnoush Farsiar predicted the Brexit result and it wasn't at all far-fetched.
There is optimism for the British economy if you look at the discussion.

From 7,600 in December of 2020, the number of Brexit-related job relocations to Europe has decreased by a couple hundred.

Farnoush Farsiar These latest figures compare to estimates by PwC in April 2016 before the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be lost if Britain votes Leave.

However, even with covid hitting hard, Britain's stock market is back in the ascendancy.

The UK is able to compete with other countries , without the EU restrictions opening up markets for more foreign companies.

Many big corporations are considering joining the British market, which continues its reputation as a global leader.

The European market is their sole real problem in the field of financial services.

The main reason for this is that the volume of trade in fish and seafood has declined, which poses an issue for British Islands.
It is noteworthy that, despite the fact that we trade less with Europe the cost per capita did rise.

Farnoush Farsiar https://suite.endole.co.uk/insight/people/25691618-farnoush-farsiar-aidi Farnoush Farsiar had a point. Brexit was a good choice for the financial sector and enabled London's potential to blossom again.


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