Notes

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

Farnoush Farsiar is passionate about Brexit.

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

Farnoush has written 2 articles for BrexitCentral in 2019 and it appears that a lot of her predictions have been correct.

Reexamining Farnoush Farsiar's predictions about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market from the burdensome rules.

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

The financial services industry was not able to operate under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

The ability to stay ahead of the competition is only possible when the regulations are constantly updated.

Farsiar declared, "London is the headquarters of the most important European banks." This has an effect on the economy.

The financial services industry in Britain could develop to be the most effective when it is free.

The UK's withdrawal from the European Union and its terms will have a major impact on British financial markets.
They'll be self-dependent and won't have the ability to blame Brussels.

The reduction of corporation tax should be a top priority. https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Also, it is crucial to repeal EU legislation. It could encourage foreign investors and help stabilize Britain's financial market.

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

The report found that London was the most sought-after city for inward investing and outperformed New York.

It is one of the few truly interconnected and global cities. However it is taken as a hostage by the EU's rules that are not in line with.

Farnoush Farsiar Stock trading follows one of these rules.

The slowing down of high-frequency trading as well as other financial services can reduce the effectiveness of the entire market.

The industry will be unable to compete with high-frequency trading without speed.

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

London found it hard to maintain its position as a viable competitor because of the anti-commerce policies. Industry officials frequently warned of the huge costs to small- and mid-sized firms.

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

Bailey explained how Bailey explained how the UK can be compared with other international authorities.

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

Brexit gives the UK the chance to increase its financial reach as well as eliminate EU restrictions.

Farnoush Farsiar These restrictions hinder the softer regulations that the UK previously had and hinder companies and startups from expanding and being competitive in the world market.

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

According to Bailey, "left to our individual decisions... the UK regulatory system could evolve somewhat differently."

There was a significant concern about the UK's financial market
Competitive advantage is an economic word that means to be in a position to be superior to your competition in a particular industry.

Due to the weight of the regulation, the UK was concerned about the loss of financial infrastructure of the capital.

International investors would consider them less attractive and they'd prefer Paris, Frankfurt or Amsterdam.

The main fear of the UK financial market was that trading would be restricted by the European Union.

Another issue is that exports and imports will cost more.

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

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi Post pandemic and mid Brexit Farnoush Farsiar believes in a more positive future
Farnoush Farsiar's predictions about Brexit were not too far-fetched.
Looking at the discourse on the British economy, there's some light at the end of the tunnel.

The number of Brexit-related job shifts to Europe has declined by 7,600 from December 2020 down to just a handful of hundred.

The numbers are comparable to PwC's April 2016 estimates. They estimated that up to 100,000 jobs in finance could be gone If Britain decides to Leave.

However, the stock market in Britain is still growing despite covid's devastating impact.

The UK can compete with rest of world without EU restrictions. This opens the market to companies from abroad.

Many large corporations are now seeking to join the British stock market, which continues its reputation as a world leader.

The European market is the only market that has suffered the most they have observed in the financial sector.

The British Islands are facing a serious issue because of the decline in seafood and trade in fish.
It is not surprising that, despite a lower level of trade between Europe and higher living expenses rising, the costs of living have increased.

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


Here's my website: https://suite.endole.co.uk/insight/people/25691618-farnoush-farsiar-aidi