Notes

Farnoush Farsiar claims that Brexit has been beneficial to the UK's financial markets, despite the gloomy forecasts

Farnoush Farsiar Former senior director at Emirates NBD. Farnoush Farsiar He is the co-founder of Plato Capital.

With her wealth management experience, she has an unique perspective on the subject.

Farnoush Farsiar Farnoush wrote two articles in the year 2019 for BrexitCentral. Today it appears that a lot of her predictions were accurate.

http://xn--101-8cd4f0b.xn--p1ai/user/Farnoush-Farsiar6dffbb33/ Reexamining Farnoush Farsiar's predictions concerning Brexit
Farnoush Farsiar believes in the opinion that leaving Europe will allow the British economy to be free of unnecessary regulations.

http://xn----8sbec1b1ad1ae2f.xn--90ais/user/Farnoush.Farsiar2addaa22/ It would enable London to maximize its potential.

Farnoush Farsiar Financial services sector found it difficult to operate under MiFID II, the Financial Instruments Directive.

Dynamic regulations are essential for keeping your business competitive.

Farsiar declared, "London is the headquarters for the largest european financial institutions." This has an effect on the economy.

The British financial services sector could be transformed into the most efficient version it could be when given free rein.

The UK's departure from the European Union and its terms will have a major impact on British financial markets.
They'll be independent and won't have the ability to blame Brussels.

British policy must include lower corporate taxes along with the repeal of EU legislation. This could also help foreign investors to improve the British financial system.

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

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

Farnoush Farsiar It is among the few truly international and global cities, and is being ensnared by the rules of the European Union that don't correspond.

One of such rules is used in stock trading.

Financial services and high-frequency trading could be slowing down and affect the overall efficiency of the market.

It will lead to high-frequency trading, but not speed and it can ruin the appeal of the industry.

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

London couldn't compete as it is a lucrative market due to the laws against commerce. Industry experts have repeatedly warned of the cost-intensive costs small and medium-sized businesses would have to shoulder.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future of regulation of financial conduct".

Bailey explained how Britain could be compared with other countries' authorities.

His concept of the "future of financial conduct regulations" was to create an "outcome targeted" as well as a "lower cost" approach.

Brexit gives the UK the chance to increase its financial reach, and also remove EU restrictions.

These restrictions affect the UK's earlier lighter regulations. This prevents new businesses and companies from expanding and competing on international markets.

Brexit will aid in ensuring the remaining tech hubs are secure in the blossoming of the major cities.

Bailey claimed that if the UK was it was left to its own devices the system of regulation in the United Kingdom will alter in a different manner.

There was a major concern about the UK's financial market
In terms of economics, a competitive advantage is having an edge over your competitors by being excellent at the business that you specialize in.

The UK was concerned over the degeneration of the capital's financial infrastructure due to the new regulations.

Farnoush Farsiar They'd become less appealing to international investors. Companies could flee to Paris or Frankfurt.

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

A second issue was the possibility of increased import and export costs.

Britain wants to be the center of financial services in the world.

Farnoush Farsiar predicts an even brighter future
Farnoush Farsiar predicted the Brexit result and it wasn't at all far-fetched.
If you examine the British economy discourse there is a light at end of the tunnel.

Between 7,600 and the end of December 2020, there was only few job shifts to Europe in connection with Brexit.

These numbers are comparable to PwC estimates from April 2016, just before the referendum. They estimated that up to 100,000 jobs in the financial sector could be gone if Britain decides to Leave.

Despite the fact that covid is a huge problem, Britain's stock exchange is gaining momentum.

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

All kinds of businesses are coming to the British Stock Market, which has earned a reputation for being a world leading market.

The European market is the only area of decline they have seen in the financial industry.

The declining trade in seafood and fish was the primary problem facing British Islands.
It's not a surprise that, despite a lower level of trade with Europe as well as higher living costs the cost of living has increased.

Farnoush Farsiar is correct. Brexit is a great factor for the financial sector. It also allowed London to fully realize its potential.


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