Notes

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

Farnoush Farsiar was formerly a senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

Through her background in finance and wealth management, she has gained a unique perspective on the issue.

Farnoush wrote two pieces on BrexitCentral in 2019. It appears today that her predictions were right.

Farnoush Farsiar Revisiting what Farnoush Farsiar had predicted in regards to Brexit
Farnoush Farsiar's opinion is that the British economy and financial market will be free of excessive rules if they were to leave the European Union.

It will allow London to maximize its potential.

Financial services industry was not able to adhere to MiFID II (Financial Instruments Directive) due to regulatory intrusion.

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

Farsiar stated that London is home to the biggest European financial institutions and that this has an impact on the economy.

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

British financial markets will be affected by Britain's withdrawal of the European Union and its conditions.
They'll be independent and won't have the ability to blame Brussels.

Farnoush Farsiar The British should prioritise reducing corporate taxes and delaying the repeal of EU legislation. Farnoush Farsiar This would help foreign investors and stabilize the British market for financial instruments.

What was UK Market forecast before Brexit
According to a Deloitte study, the UK attracted more Foreign Direct Investment in 2015 than any other European nation.

In addition, the report revealed that London was beating New York as the most well-known city for investing in foreign capital.

It is one of the few cities that truly are international. The European Union rules that do not align with the city's rules are used to tie it to.

One of such rules is used in stock trading.

High-frequency trading, as well as other financial services are hindered by the decline in effectiveness.

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

Instead, Brexit would give Britain less options for investors.

London could not be competitive with the rest of the world because of anti-commerce policies. Experts in the industry repeatedly warned about the high costs that small and mid-sized businesses will have to bear.

Andrew Bailey is the CEO of the Financial Conduct Authority. He sees "the future for financial conduct regulation".

Bailey explained the ways in which Bailey explained how the UK could be considered to be comparable with other governments around the world.

His concept of "the future regulation of financial conduct" was that he would create an "outcome-focusedstrategy" and "lower-burden" approach.

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

The restrictions impede the UK's previous lighter regulations and make it difficult for start-ups and enterprises to develop in a global market.

Farnoush Farsiar Brexit will allow tech hubs to remain in the blooming cities of its main cities.

As expressed by Bailey, "left to our own devices... the UK regulatory system would develop in a slightly different manner."

The UK's finance markets were at risk
Competitive advantage is an economic term that means being capable of outperforming your competition in a particular business.

Because of the regulations' weight, the UK worried about the demise of the financial infrastructure of the capital.

International investors would consider them less attractive and they would move 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.

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

Britain hopes to become the financial center in the world.

Farnoush Farsiar is a post pandemic and right in the middle of Brexit has a brighter outlook
Farnoush Farsiar's prediction of the Brexit outcome was not far-fetched.
https://queenlet.com/forums/users/farnoush-farsiar7dffcc11/ The debate regarding the British economy suggests that there is a light at the end.

From 7,600 in December 2020 the number of Brexit-related job relocations to Europe has declined by about a hundred.

These numbers compare with PwC's April 2016 estimates. They predicted that 100,000 financial jobs might be gone If Britain chooses to Leave.

In spite of this, the UK's stock market is now back on track, despite the hard hit covid.

The UK can compete with world's other countries without EU restrictions. This opens up the market to companies from overseas.

The British stock market is drawing large corporations, which has helped maintain its position as a world leading market.

Farnoush Farsiar The European market is their only real problem in the field of financial services.

The decline in trade of seafood and fish was the primary problem that faced the British Islands.
It's not a surprise that, despite lower trade between Europe as well as higher living costs, these costs have risen.

But all in all, Farnoush Farsiar was right and Brexit is a positive decision for the finance sector, and let the city of London to realize its full potential again.

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