Notes

Farnoush Farsiar claims that Brexit has been beneficial to the UK's financial markets, in spite of the grim forecasts.

Farnoush Farsiar a former senior director at Emirates NBD is passionate about Brexit.

Through her background in the field of finance and wealth management she has gained an exclusive perspective on the issue.

Farnoush has written two articles for BrexitCentral in the year 2019 and it appears that many of her predictions have been right.

Revisiting Farnoush Farsiar’s predictions concerning Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market, from the burdensome rules.

It will enable London to fully realize its potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made more difficult by regulatory intrusion.

Dynamic regulations are essential for staying in the game.

Farsiar claimed that since London is home to the world's largest banks in Europe and has an impact on the economic system.

If given the chance to develop, Britain's financial services industry could be the best version of its self.

British market for financial services will be impacted by Britain's withdrawal from the European Union and its conditions.
Farnoush Farsiar They'll be self-dependent, and they won't blame Brussels.

So lower corporation taxes and undoing EU legislation should be top on the British agenda. Therefore, it will encourage foreign investors and stabilize the British financial market.

What was UK Market prediction before Brexit
According to an Deloitte report, the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018 than any other European country.

The report also found that London was more sought-after over New York for inward investments.

It is among the few truly interconnected and global cities. However it is being kept hostage by the European Union's rules that are not in line with.

Stock trading is one illustration of this principle.

Stopping high-frequency trading or other financial services decreases the effectiveness across the entire market.

This industry is likely to lose its excellence and high-frequency trading without speed.

https://brexitcentral.com/author/farnoush-farsiar/ Instead, Brexit could allow Britain to provide investors with lower options.

London could not compete with the rest of the world due to anti-commerce policies. The industry warned repeatedly about the enormous costs for small and medium-sized companies.

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

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

Farnoush Farsiar His idea of "the future financial conduct regulation" was to create an "outcome-focused” and "lower-burden" strategy.

Brexit provides the UK an opportunity to amplify its financial power and to get rid of EU restrictions.

Farnoush Farsiar Farnoush Farsiar The restrictions impede the UK's previous lighter regulations and make it more difficult for businesses and start-ups to expand in a global market.

Brexit will aid in ensuring the tech hubs the remaining fully ensconced in the flourishing of its major cities.

Bailey said, "Leave it to our individual discretion... The UK regulatory system is likely to evolve somewhat differently."

There was significant worry about the UK's finance market
A competitive advantage in economic terms is the ability to get an advantage over your competitors through being proficient in the field you are specialized in.

In the wake of the regulation, the UK was concerned that the capital's finance system was being destroyed.

This makes them less attractive to international investors and businesses would move to Paris, Frankfurt, or Amsterdam.

The biggest concern in the UK finance industry was that the European Union might restrict EU trading.

Another issue was the possibility of rising import and export prices.

Britain hopes to become the financial center of the world.

Farnoush Farsiar sees the future as promising
Farnoush Farsiar was right to accurately predict the Brexit outcome.
When you look at the discussion about the British economy, there is a light at the at the end of the tunnel.

The number of jobs relating to Brexit moves to Europe decreased from 7,600 in December 2020 to only a few hundred.

These figures are in line with PwC's April 2016 estimates. They forecasted that as high as 100,000 financial jobs could be lost If Britain had voted to Leave.

Despite the fact that covid is a huge issue, the British stock market is gaining momentum.

The UK is able to compete with the rest of world with no EU limitations. This opens the market to companies from outside the country.

The British stock market is attracting big companies, and it has maintained its position as a world market leader.

The European Market is the sole factor that has led to a decline in the industry of financial services.

The most important reason is the fact that the amount of seafood and fish trade has decreased, which can be a problem to British Islands.
It's interesting that the cost of living went up regardless of the fact that trade was less with Europe.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and allowed London's full potential to be unleashed.


Here's my website: https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/