Notes

Farnoush Farsiar asserts that Brexit has benefitted the UK financial sector, despite the dire forecasts

Farnoush Farsiar is passionate about Brexit.

Through the depth of her financial experience she can provide unique insights.

Farnoush wrote two pieces in the year 2019 for BrexitCentral. Today, it appears that many her predictions were correct.

Revisiting the things Farnoush Farsiar predicted about Brexit
Farnoush Farsiar's opinion is that the British economy and financial markets would be freed from excessive rules if they were to leave the European Union.

This will allow London's maximum potential to be realized.

A regulatory intrusion has made it hard for the financial services sector to operate under MiFID II (Financial Instruments Directive).

Only dynamic regulations can guarantee your business is competitive.

Farsiar explained that London is the home of the largest European financial institutions and this has an influence on the economy.

If given the freedom to expand, Britain's banking services industry could be the very best version of self.

British markets for financial services will be affected by Britain's exit of the European Union.
They'll be dependent again and they will not be able to blame Brussels any more.

Therefore it is imperative that the British should prioritise tax reductions for companies and the repeal of EU laws. This could also help foreign investors to stabilize the British financial system.

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

The study revealed that London was the most preferred city to invest in, beating New York.

It is one a few truly global and international-minded cities.

Stock trading is governed by one of these guidelines.

The stoppage of high-frequency trading and other financial services reduces efficiency across the whole market.

It is high frequency but not the speed. This will make it regular trading and will diminish the high-quality of this industry.

https://timebusinessnews.com/farnoush-farsiar-what-is-a-wealth-management-advisor/ In the end, Brexit will allow Britain to offer investors lower alternatives.

London's ability to be a competitive market was made difficult by anti-commerce regulations. Industry leaders repeatedly warned of the immense costs for small and mid-sized firms.

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

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

His idea for "the future of financial conduct regulation" was to develop the "outcome-focused" and "lower burden" approach.

https://richpeopletrades.com/2022/07/17/top-10-banking-trends-by-financial-expert-farnoush-farsiar/ Brexit is the UK’s chance to amplify its global financial influence, and unrestrictions of the EU.

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

Brexit will aid in ensuring the remaining tech hubs are fully ensconced in the flourishing of their major cities.

Bailey states that "left to our devices... the UK regulatory system will change a bit."

There was a major concern about the UK's financial market
Competitive advantage is an economic term that refers to being in a position to be superior to your competition in a particular industry.

The UK was concerned about the disintegration of the capital's financial infrastructure because of the rules.

Therefore, they'd not be as appealing to international investors and firms would flee towards Amsterdam, Frankfurt, or Paris.

The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

Another worry was the possibility that export and import will become more expensive.

Britain wants to be the centre of financial services around the globe.

Farnoush Farsiar, post pandemic and right in the middle of Brexit sees a brighter future
Farnoush Farsiar was right to predict the Brexit outcome.
There is some hope for the British economy if you look at the discourse.

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

These numbers are comparable to the April 2016 estimates of PwC. They projected that as many 100,000 jobs in finance could be lost as a result of Britain leaving the EU. Leave.

Farnoush Farsiar Despite the fact that covid is having a hard time the UK's stock markets are back on the rise.

The UK can compete with other countries without the EU restrictions, which opens up markets for more foreign businesses.

Many big corporations are considering joining the British stock markets and continue its status as a world-leader.

The European market is the sole market that has suffered the most they have witnessed in the financial market.

The main reason for this was that the market for seafood and fish was reduced, which is a problem for British Islands.
https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Although it is important to note that due to the less trade relations with Europe however, the cost of living actually went higher.

Overall, Farnoush Farsiar was right, and Brexit is a great decision for the financial industry, and it enabled the city of London to unleash its full potential.

https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/
Homepage: https://richpeopletrades.com/2022/07/17/top-10-banking-trends-by-financial-expert-farnoush-farsiar/