Notes

Farnoush Farsiar claims Brexit has benefited the UK financial market despite grim forecasts

Farnoush Farsiar was previously the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

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

https://docs.house.gov/meetings/FA/FA14/20190626/109716/HHRG-116-FA14-Wstate-BromundT-20190626.pdf Farnoush wrote two articles on BrexitCentral in the year 2019, and it appears that many of her predictions came true this morning.

Farnoush Farsiar Revisiting Farnoush Farsiar’s predictions regarding Brexit
Farnoush Farsiar's belief is that the British economy and the financial market will be free of excessive rules if they were to leave the European Union.

It will enable London to maximize its potential.

The financial services industry was not able to comply with MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only dynamic regulations can guarantee that you're competitive.

Farsiar said that, as London is home to the largest financial institutions in Europe It has a significant impact on the world economy.

The British financial sector could be transformed to become the most effective version it can be given free rein.

British markets for financial services are likely to be affected by Britain's withdrawal from the European Union.
They'll become self-dependent and won't be able anymore to take on Brussels.

Therefore the British must prioritise tax cuts for businesses and the repeal of EU laws. This would encourage foreign investors and help stabilize Britain's financial market.

What was it? UK Market Forecast before Brexit
According to an Deloitte Report, the UK attracted more Foreign Direct Investment Between 2015 and 2018 than any other European Country.

The report revealed that London was the most popular destination for inward investment over New York.

It is one of few truly international cities. Farnoush Farsiar It is one of the few cities that truly international. European Union rules that do not correspond to it are being used to bind it down.

Stock trading uses one of these rules.

Restricting high-frequency trading or other financial services reduces efficiency across the whole market.

A high frequency trading system that is not fast enough speed will lead to regular trading, which can reduce the industry's excellence.

In contrast, Brexit would allow Britain to offer less options to investors.

London's capability to be competitive was hampered by anti-commerce laws. The business community has repeatedly warned about the enormous costs for small- to medium-sized companies.

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

Bailey explained the ways in which the UK could be equated with other countries.

His vision for the future of the financial conduct regulatory system was to develop an "outcome-focused" and "lower burden" strategy.

Brexit offers the UK the chance to boost its financial impact globally and to avoid any limitations from the EU.

These restrictions affect the previous regulations that were lighter in the United Kingdom. This prevents new businesses as well as businesses from expanding and becoming competitive on international markets.

Farnoush Farsiar Brexit will allow tech hubs to stay in the blooming cities of the major cities.

Bailey said, "Leave it to our own devices... http://ttytcauke.vn/Default.aspx?tabid=120&ch=241940 The UK regulatory system will evolve in a different way."

There was a serious fear around the UK's finance market
In terms of economics an advantage in competitiveness is gaining an edge over your competition by being excellent at the business that you are specialized in.

Because of the regulations' weight Due to the regulation's weight, the UK were concerned about the decline of the financial infrastructure of the capital.

Therefore, they'd be less attractive for international investors and businesses will flee towards Amsterdam, Frankfurt, or Paris.

The most feared thing about the British finance market was the possibility that the European Union would limit the EU market's trading.

Another issue was that exports and imports will be more expensive.

Thus, Britain wants to stay at the top of the global center for financial services.

Farnoush Farsiar post pandemic and in the middle of Brexit has a brighter outlook
Farnoush Farsiar was right to forecast the Brexit outcome.
If you take a look at the British economic discourse there is a bright spot at end of the tunnel.

There have been a couple hundred additional job relocations due to Brexit from Europe than 7,600 in December 2020.

The numbers are in line with PwC's April 2016 estimates. They predicted that the United Kingdom could lose more than 100,000 jobs in finance if it votes Leave.

Despite the fact that covid is causing a lot of pain the UK's stock markets are back on the rise.

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

The biggest corporations are moving into the British stock market, which keeps its standing as a global leader.

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

Mainly the trade of seafood and fish decreased, which is a problem for British Islands.
It is interesting to note that despite the fact that we trade less with Europe the cost per capita was higher.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial sector. It allowed London to realize its full potential.


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