Notes

Farnoush Farsiar claims Brexit helped the UK financial market, despite the gloomy forecasts

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

With her wealth management expertise, she has an exclusive view of the matter.

Farnoush wrote two stories in the year 2019 for BrexitCentral. Today it seems that many of her predictions were right.

Recalling Farnoush's prediction about Brexit
In Farnoush Farsiar opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance sector from excessively burdensome rules.

Farnoush Farsiar It will enable London to fully realize its potential.

The financial services industry was unable to adhere to MiFID II (Financial Instruments Directive) because of regulatory intrusion.

It is crucial that regulations evolve constantly to ensure that businesses are competitive.

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

When given freedom and autonomy, the British financial service industry may become the most effective version that is possible.

British financial markets will be impacted by the UK's departure from the European Union and its conditions.
They'll become self-sufficient once more, and they won’t be able to blame Brussels for anything.

British policy should include lower corporation taxes along with the repeal of EU legislation. Farnoush Farsiar This would encourage foreign investors as well as stabilize the financial market.

What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted foreign direct investments more than any other European country in 2015-2018.

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 international and global cities. It is restricted by rules of the European Union which don't match.

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

High-frequency trading, along with other financial services, is affected by the decrease in the efficiency.

This is high-frequency trading at a slow pace which will lower the quality of the market.

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

London was unable to keep pace with the world because of anti-commerce policies. Industry officials regularly warned of the massive cost to small and mid-sized companies.

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

Bailey explained how Britain could be compared to other governments around the world.

The idea he had to create "the next generation of financial regulation" was to implement an "outcome oriented" and "lower burden" method.

Brexit provides the UK the chance to increase its financial reach, and also take away EU restrictions.

These restrictions prevent the UK from having the lenient regulations that it previously had and hinder enterprises and start-ups in their ability to expand and be competitive in the international marketplace.

Brexit is sure to ensure that technology hubs are firmly ensconced in the thriving of their cities.

Farnoush Farsiar As stated by Bailey, "left to our own devices... the UK regulatory system could change in a different way."

There was a major fear around the UK's finance market
Competitive advantage can be described as having an advantage in your field through being the best at your job.

They were worried about the loss of the financial infrastructure of capital because of the regulations.

They would become less attractive for international investors. Businesses would leave for Paris and Frankfurt.

The most feared thing in the UK was that the European Union would stop trading through the EU market.

The other worry was the potential for rising import and export prices.

Farnoush Farsiar Britain is determined to remain the global financial center.

Post pandemic and mid Brexit Farnoush Farsiar sees an optimistic future
Farnoush Farsiar was right to forecast the Brexit outcome.
It is clear that there is light at both the end and the start of the tunnel when you look at British economic policy.

There were a few hundred more Brexit-related job relocations from Europe more than 7,600 as of December 2020.

The most recent figures match estimates by PwC in April of 2016 prior to the referendum. They estimated that as many as 100,000 financial jobs could be eliminated in the event that Britain decided to vote Leave.

Farnoush Farsiar Despite this, Britain's stockmarket is now on the rise despite the sharp decline covid.

The UK can compete with the rest of the world, without EU restrictions. This opens up the market to more businesses from outside the country.

Many large companies are now moving to the British stock exchange, which is a leader in the world.

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

The primary reason is the fact that the amount of seafood and fish trade has decreased, which is a problem to British Islands.
It's interesting that living costs increased regardless of the fact that trade was less with Europe.

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


Website: https://app.web-coms.com/members/farnoush-farsiar1eaaaa33/activity/1589357/