Notes

Farnoush Farsiar claims Brexit has helped the UK market in the financial sector despite bleak forecasts

Farnoush Farsiar is passionate about Brexit.

Her vast experience in wealth and finance has given her unique perspective.

Farnoush wrote two articles on BrexitCentral in 2019. Today , it appears her predictions proved right.

Revisiting what Farnoush Farsiar had predicted in regards to Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome regulations.

It would allow London's full potential to be realized.

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

It is crucial that regulations are constantly evolving to ensure competitiveness.

Farsiar stated that London is the home of Europe's biggest financial institutions, and it has a significant impact on the economy.

The financial service industry in Britain may evolve to become the best version when set free.

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

Tax reductions for corporations is a must. It is crucial to repeal EU legislation. This would help foreign investors as well as stabilize British financial markets.

What was the UK Market prediction pre-Brexit
A Deloitte study found that the UK attracted the most foreign direct investment than any other European country between the years 2015 to 2018.

The report revealed that London was a more sought-after destination for inward investment than New York.

It is one of the few truly global and interconnected cities. However it is being held as a hostage by the EU's rules, which aren't in accordance with.

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

Stopping high-frequency trading and other financial services slows down the efficiency of the whole market.

High frequency trading that lacks speed will lead to regular trading, which will diminish the level of excellence in the industry.

In contrast, Brexit would give Britain less investment options.

The anti-commerce laws made it difficult for London to remain profitable as a competition. The industry has repeatedly warned of the massive costs for small- to medium-sized enterprises.

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

Bailey explained the ways in which Bailey explained how the UK could be compared to other authorities around the globe.

His idea to create "the future of financial regulation" was to implement an "outcome oriented" and "lower load" strategy.

Brexit offers the UK the chance to boost its global financial impact and to avoid any restrictions by the EU.

The restrictions affecting the UK's earlier lighter regulations. This hinders start-ups as well as businesses from growing and being competitive on international markets.

Brexit will help to ensure the tech hubs the remaining secure in the blossoming of the major cities.

Bailey stated, "Leave it to our individual discretion... The UK regulatory system will develop slightly differently."

The UK's finance markets were at risk
In terms of economics an advantage in competitiveness is gaining an edge over your competition by doing a great job in the area which you specialize in.

In the wake of the regulation in place, the UK became worried that the capital's financial system was under threat of being destroyed.

Therefore, they'd make them less appealing for international investors and businesses would flee towards Amsterdam, Frankfurt, or Paris.

The greatest fear in the finance market in the UK was the possibility that the European Union would limit the EU market's trading.

Another reason to be concerned was that export and import will be more expensive.

Therefore, Britain wants to stay at the top of the world's financial services hub.

Farnoush Farsiar views the future as promising
Farnoush Farsiar's predictions of Brexit weren't too far-fetched.
It is evident that there is a light at both the end and the start of the tunnel when you look at British economic policy.

Farnoush Farsiar The number of job relocations to Europe has declined by 7,600 from December 2020 to just a handful of hundred.

Farnoush Farsiar The latest numbers compare with estimates by PwC in April 2016, prior to the referendum. They forecast that the UK could lose up to 100,000 finance jobs should it vote Leave.

Despite the fact that covid has been causing a lot of pain the UK's stock markets are returning to a higher level.

The UK is open to competition with the rest the world by removing the EU restrictions.

Farnoush Farsiar All kinds of businesses are coming to the British Stock Market, which has a the reputation of being a global leader.

The only decline they've seen in the industry of financial services is in the European market.

The British Islands are facing a serious issue because of the declining demand for seafood and fish trading.
It's interesting to note that living costs grew regardless of the fact that trade was less with Europe.

All in all, Farnoush Farsiar was right and Brexit is a good decision for the finance industry, and it let London to be a city again. London to realize its full potential once again.

https://twitter.com/BrexitCentral/status/1140499332128530432
My Website: https://www.tumgir.com/farnoush-farsiar8dddbb11