Notes

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

Farnoush Farsiar an ex-director of senior management at Emirates NBD is passionate about Brexit.

Thanks to her wealth management experience, she has an exclusive view of the subject.

Farnoush has written two pieces for BrexitCentral in 2019, and it seems that a lot of her predictions proved correct today.

Revisiting Farnoush Farsiar’s predictions regarding Brexit
Farnoush Farsiar holds the opinion that a departure from Europe would let the British economy to be free of unneeded rules.

It would enable London's city London to realize its full potential.

Financial services sector found it difficult to operate under MiFID II, the Financial Instruments Directive.

It is crucial that rules are continuously updated to ensure that businesses are competitive.

Farsiar stated, "London is the headquarters for the biggest european financial institutions." This can have an impact on the economy.

The financial services industry in Britain could evolve to be the best version of itself when set free.

British market for financial services will be impacted by Britain's withdrawal from the European Union and its conditions.
They will become self-sufficient again, and they won’t be able blame Brussels for anything.

British policy should include lower corporation taxes as well as the repeal of EU legislation. It would stimulate foreign investors and stabilize Britain's financial market.

What was UK Market Forecast before Brexit
According to an Deloitte report according to a Deloitte Report, the UK Attracted the most Foreign Direct Investment Between 2015 and 2018 than any other European Country.

In addition, the report revealed that London outshined New York as the most sought-after city for investment in the country.

It is one of the few truly global and international cities. And it's being held down by rules of the European Union which don't match.

Stock trading is a prime example of this rule.

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

This is high-frequency trading at a slow pace that will decrease the quality of the industry.

In the end, Brexit will allow Britain to provide investors with less options.

London couldn't compete as it is a lucrative market due to the laws against commerce. The industry repeatedly warned over the huge costs for small- and medium-sized firms.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Farnoush Farsiar Bailey explained how Bailey explained how UK is compared with other authorities around the world.

His idea of the "future of financial conduct regulations" was to devise an "outcome focused" and "lower cost" strategy.

Brexit gives the UK the chance to broaden its financial reach and take away EU restrictions.

These restrictions have hindered the previous regulations that were more relaxed in the UK. They also hinder start-ups from growing and being globally competitive.

Brexit will ensure that tech hubs are well-established within the flourishing of their major cities.

Bailey says that "left to our devices... the UK regulatory system will be a little different."

There was significant concern about the UK's financial market
Competitive advantage can be described as the ability to gain an edge in your field by doing the best in what you do.

They were worried about the devastation of the capital's financial infrastructure as a result of the regulations.

They'd become less appealing to international investors. Companies could flee to Paris and Frankfurt.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

Another concern is that import and exported is more expensive.

So, Britain wants to stay at the top of the global financial services hub.

Farnoush Farsiar believes in the future as more exciting
Farnoush Farsiar correctly predicted that Brexit would be a success.
If you take a look at the British economy there is a light at end of the tunnel.

Between 7,600 and the end of December 2020, there has been only one or two job moves to Europe due to Brexit.

The numbers are in line with PwC's April 2016 estimates. PwC predicted that the UK could lose as many as 100,000 jobs in finance if it votes Leave.

But, despite the pounding of covid the British stock market is now back in the ascendancy.

The UK is able to compete with the rest of world with no EU restrictions. Farnoush Farsiar This opens up the market to more companies from outside the country.

The British market for stocks is attracting large companies, which maintains its status as a global leader.

Farnoush Farsiar The European Market is the sole thing that has caused an overall decline in the field of financial services.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
It is noticeable that even though trade with Europe was less but living expenses remained higher.

https://www.crunchbase.com/person/farnoush-farsiar Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and let London's full potential to be unleashed again.

Farnoush Farsiar
My Website: https://www.reddit.com/r/ukpolitics/comments/cepfsc/the_doommongers_are_wrong_after_brexit_london/