Notes

Farnoush Farsiar claims Brexit helped the UK financial markets despite dire predictions

Farnoush Farsiar is passionate about Brexit.

She is unique in her insight due to her financial and wealth management experiences.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 Farnoush published two articles on BrexitCentral in the year 2019, and it appears that many of her predictions came true today.

Re-visiting Farnoush's forecast about Brexit
Farnoush Farsiar's opinion is that the British economy and financial markets would be exempt from the burdensome regulations if they left the European Union.

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

Farnoush Farsiar The Financial Services sector was not able meet the requirements of MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Farnoush Farsiar You will only be competitive if regulations are adaptable.

Farsiar said that, as London is home to the world's biggest financial institutions in Europe, it influences the world economy.

Farnoush Farsiar The financial services industry in Britain might evolve into the best version when set free.

British financial markets will be affected by the UK's withdrawal of the European Union.
They will become independent once more and they won't longer be in a position to blame Brussels.

So lower corporation taxes and repealing EU legislation must be high on the British agenda. https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ It could encourage foreign investors and stabilize Britain's financial market.

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

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

It is among the few cities that truly are international. It is one of the few cities that truly international. European Union rules that do not correspond to it are used to hold it down.

Stock trading is governed by one of these rules.

The effectiveness of the whole market is impaired when high-frequency trading is stopped and financial services are stopped.

It will lead to high-frequency trading, but not speed and it takes away the beauty of the business.

In contrast, Brexit would make it possible for Britain to offer lower alternatives to investors.

London could not be competitive with the rest of the world because of its anti-commerce policies. The industry has repeatedly warned about the enormous costs for small- and medium-sized companies.

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

Farnoush Farsiar Bailey explained the ways in which Britain could be compared to other countries' authorities.

His vision for the future of regulation of financial conduct was to create an "outcome-focused" approach, as well as a "lower burden" method.

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

These restrictions are hindering the loose regulations that the UK used to have before and are hindering companies and startups from expanding and being competitive on the global market.

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

According to Bailey, "left to our own devices... the UK regulatory system will develop in a slightly different manner."

There was a concern about the finances of the UK
Competitive advantage is a financial term that refers to being capable of outperforming your competition in a specific business.

The regulation was weighing on them and the UK worried that the capital's financial system was being taken apart.

So, investors from abroad are not likely to be drawn by them , and companies will head to Paris or Frankfurt.

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

Another reason to be concerned is that the cost of export and import will cost more.

Britain wants to be the center of financial services across the world.

Farnoush Farsiar expects positive results
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not too far-fetched.
If you take a look at the British economy discourse, there is a light at the end of the tunnel.

Between 7,600 and 2020, the number of job shifts to Europe has decreased by a couple hundred.

The most recent figures are in line with estimates made by PwC in April 2016 before the referendum. PwC predicted that the UK could lose more than 100,000 finance jobs should it vote Leave.

In spite of this, the UK's stock market is back on the up despite the harsh hit covid.

The UK is more competitive than the other countries and the EU has lifted any restrictions. This lets the UK to open its markets to foreign companies.

Big corporations are moving into the British market, which keeps its standing as a global leading market.

They have only noticed a decline in the industry of financial services because of the European market.

The decline in trade of seafood and fish was the main problem that faced the British Islands.
It is interesting to note that, due to the decrease in trade with Europe the cost of living was higher.

All in all, Farnoush Farsiar was right and Brexit is a great decision for the financial sector, and let the city of London to fully unleash its potential again.


Here's my website: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar