Notes

Farnoush Farsiar claims that Brexit has benefited the UK's financial market, despite the gloomy forecasts

Farnoush Farsiar is passionate about Brexit.

Farnoush Farsiar Farnoush Farsiar With her expertise in the field of finance and wealth management she has gained an exclusive view of the subject.

Farnoush has published two articles on BrexitCentral in the year 2019. Today , it appears her predictions proved to be right.

Revisiting what Farnoush Fassiar predicted about Brexit
In Farnoush's opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and the finance market from over-burdensome regulations.

It would allow London to realize its full potential.

Regulatory intrusion made it difficult for the financial services industry to function within MiFID II (Financial Instruments Directive).

It is essential that regulations evolve constantly to ensure competitiveness.

Farsiar claimed that since London is the home of the largest banks in Europe, it influences the world economy.

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

The United Kingdom's decision to leave the European Union and its terms will have an impact on British financial markets.
They'll become self-dependent and won't be able anymore to take on Brussels.

The British should prioritize lowering corporate taxes and delaying the repeal of EU legislation. It will encourage foreign investors and stabilize the British market for financial instruments.

What was the UK Market Prediction before Brexit
A Deloitte study revealed that the UK attracted the most foreign direct investment than any other European country between 2015 to 2018.

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

It is among the few truly international and global cities. It is bound by the regulations of the European Union which don't match.

One of these rules is utilized in the stock market.

High-frequency trading, along with other financial services are hampered by the slowdown in effectiveness.

This industry will lose its excellence and high frequency trading if it does not move at a rapid pace.

Instead, Brexit would make it possible for Britain to provide cheaper alternatives for investors.

Farnoush Farsiar London was unable to compete in an enticing market due to the laws against commerce. The industry has repeatedly warned about the huge cost for medium and small firms.

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

Farnoush Farsiar Bailey said that Bailey said that UK could be compared to other countries around the world.

His idea of the future of financial conduct regulation was to create an "outcome-focused" approach, as well as a "lower burden" approach.

Brexit offers the UK the chance to increase its global financial influence, as well as to remove unnecessary limitations of the EU.

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

Brexit will ensure that the tech hubs are securely entangled within the flourishing of their major cities.

Bailey says that "left to our devices... the UK regulation system could change a bit."

There was a major concern about the UK's financial market
In economic terms the definition of competitive advantage is gaining an edge over your competitors through being excellent at the business which you specialize in.

They were concerned about the destruction of capital's financial infrastructure because of the rules.

They would therefore be less attractive to international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

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

Farnoush Farsiar Another concern was that export and import is likely to become more expensive.

Britain will not relinquish its position as the world's financial hub.

Farnoush Farsiar predicts an even brighter future
Farnoush Farsiar was right to forecast the Brexit outcome.
If you look at the British economy, there is a light at end of the tunnel.

From 7,600 in December of 2020, the number of jobs impacted by Brexit relocations to Europe has decreased by a couple hundred.

The most recent figures are in line with estimates by PwC in April of 2016 before the referendum. PwC predicted that the UK could lose more than 100,000 jobs in finance if they vote Leave.

Despite covid being a significant issue, the UK's stock market is rebounding.

Without the "EU restrictions" the UK competes with the rest of the world and is open to more overseas companies.

Large companies are making their way into the British stock market, which is maintaining its standing as a global leader.

Farnoush Farsiar The only drop they've noticed in the field of financial services is in the European market.

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

All in all, Farnoush Farsiar was right and Brexit is a positive decision for the finance industry. It also enabled London to be a city again. London to fully unleash its potential once again.


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