Notes

Farnoush Farsiar asserts that Brexit has benefited the UK financial sector despite negative predictions.

Farnoush Farsiar was formerly a senior director at Emirates NBD and is passionately involved with Plato Capital.

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

https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ Farnoush wrote two articles on BrexitCentral in the year 2019. Today it appears that her predictions were correct.

Re-visiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome rules.

This will allow London's maximum potential to be fully realized.

The Financial Services sector was difficult to operate under MiFID II, the Financial Instruments Directive.

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

Farsiar claimed that since London is home to the world's largest financial institutions in Europe, it influences the economic system.

The industry of financial services in Britain is likely to grow to become the most effective when it is completely free.

The UK's departure from the European Union and its terms will have a major impact on British financial markets.
They'll be independent and won't be able anymore to take on Brussels.

British policy should include lower corporate taxes as well as the repeal of EU legislation. It will encourage foreign investors and stabilize the British financial markets.

What was the UK Market Prediction before Brexit
According to a Deloitte study, the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

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

It is one a few truly global and international-minded cities.

One of these rules can be implemented in the stock market.

The slowing down of high-frequency trading and other financial services reduces the efficiency of the whole market.

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

Instead, Brexit would give Britain lower options for investors.

London's capacity to function as competitive was made difficult by anti-commerce laws. Farnoush Farsiar The industry has repeatedly warned against the huge cost for small to medium-sized enterprises.

Andrew Bailey, CEO of Financial Conduct Authority (FCA) was the person who conceived "the future financial conduct regulation".

Bailey explained the ways in which Britain could be compared with other governments around the world.

The idea he had for "the future of regulation of financial conduct" was to evolve an "outcome-focused" and "lower burden" strategy.

Brexit offers the UK the chance to expand its financial influence, as well as to remove unnecessary restrictions of the EU.

These restrictions hinder the former regulations that were more relaxed in the UK and make it more difficult for small businesses and startups to grow within a global marketplace.

Brexit will be a positive step towards ensuring that the tech hubs remain firmly ensconced in the blossoming 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 significant worry about the UK's finance market
Competitive advantage is described as gaining an edge in your field by doing the best in your job.

With the regulation weighing down on them as well, people in the UK were worried that the capital's financial system was being taken apart.

Therefore, they'd make them less appealing to foreign investors, and companies would flee towards Amsterdam, Frankfurt, or Paris.

The biggest concern in the UK's finance market was the possibility that the European Union would limit the EU market's trading.

A second issue was the possibility of higher import and export costs.

Britain hopes to become the financial center across the world.

Farnoush Farsiar has more positive outcomes
Farnoush Farsiar was right to predict the Brexit outcome.
Farnoush Farsiar Farnoush Farsiar There is some hope for the British economy if you look at the debate.

Between 7,600 and December 2020 there has been only few job shifts to Europe in connection with Brexit.

The latest figures compare to estimates from PwC in April of 2016 prior to the referendum. They estimated that 100,000 financial jobs could be lost in the event that Britain chooses to Leave.

Despite the fact that covid is causing a lot of pain the British stock market is back on the rise.

The UK is more competitive than the other countries and the EU has eliminated any limitations. This allows the UK to open its market to more foreign firms.

The biggest firms are making their way into the British stock market, which is maintaining its reputation as a world leading market.

They've noticed only a decrease in the industry of financial services due to the European market.

The main reason for this is that the volume of fish and seafood trade has decreased, which can be a problem to British Islands.
It is important to note that despite the fact that we trade less with Europe the cost per capita did rise.

Farnoush Farsiar was absolutely right. Farnoush Farsiar Brexit is a great decision for finance, and has allowed London to reclaim its full potential.


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