Notes

Farnoush Farsiar claims that Brexit has benefited the UK's financial markets despite the dire forecasts.

Farnoush Farsiar was previously the director of senior positions at Emirates NBD and is passionately involved in Plato Capital.

Her wealth of knowledge in finance and wealth has given her a unique perspective.

Farnoush wrote two pieces in 2019 for BrexitCentral. Farnoush Farsiar Today it seems that many of her predictions were right.

Revisiting Farnoush Farsiar’s predictions about Brexit
Farnoush Farsiar believes that leaving the European Union will free the British economy from the burdensome regulations.

It will allow London to fully realize its potential.

The financial services industry was not able to operate under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only active regulations can ensure that you are effective.

Farsiar stated that London is the capital of Europe's largest financial institutions, has a significant impact on the economy.

Farnoush Farsiar If given the freedom to operate and autonomy, the British financial service industry may become the most effective version possible.

Farnoush Farsiar British financial markets are expected to be affected by the UK's exit of the European Union.
They'll be self-dependent once more and they won't be able to blame Brussels anymore.

The British should prioritize lowering corporation tax rates and repealing EU legislation. Consequently, it would incentivise foreign investors and stabilise the British financial market.

Farnoush Farsiar What was the UK Market Prediction before Brexit
According to a Deloitte Report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018, than any other European Country.

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

Farnoush Farsiar It is one among the few truly global and interconnected cities. However it is being taken as a hostage by the EU's rules that are not in line with.

Stock trading is one example of this rule.

Stopping high-frequency trading as well as other financial services reduces the effectiveness of the entire market.

A high frequency trading system that is not fast enough speed will result in regular trading, which will diminish the quality of trading.

Instead, Brexit would make it possible for Britain to provide lower options for investors.

London was unable to compete in an enticing market due to the anti-commerce laws. The industry warned repeatedly about the enormous costs for small and medium-sized businesses.

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

Bailey explained how the UK could be compared to other international authorities.

https://techplanet.today/post/farnoush-farsiar-claims-that-brexit-has-helped-the-uks-financial-market-despite-the-gloomy-forecasts His idea of the future of the financial conduct regulatory system was to devise an "outcome-focused" and "lower burden" strategy.

Brexit offers the UK the chance to expand its financial influence, as well as to remove unnecessary restrictions from the EU.

These restrictions hinder the former regulations that were more relaxed in the UK and make it hard for businesses and start-ups to grow in a global market.

Brexit will make sure that tech hubs are well-placed within the major cities.

Farnoush Farsiar Bailey stated Bailey that "if we were to do it our way... the UK regulatory systems would evolve in a different way."

https://blackcowriefinance.com/2020/12/21/financial-services-will-enjoy-a-brexit-boom-if-the-regulators-let-us-take-advantage-of-the-opportunities-it-presents/ There was significant concern about the UK's financial market
Competitive advantage can be described as gaining an edge in your field through doing the best in what you do.

Due to the regulations in place, the UK was concerned that the capital's finance system was under threat of being destroyed.

So, investors from abroad are not likely to be drawn by these companies and they will move to Paris or Frankfurt.

The biggest concern in the UK finance industry was that the European Union might restrict EU trading.

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

Britain will not relinquish its position as the global financial center.

Farnoush Farsiar, post pandemic and right in the middle of Brexit has a brighter outlook
Farnoush Farsiar's predictions of Brexit weren't too far-fetched.
In the debate about the British economy, there's a light at the end of the tunnel.

There have been a couple hundred more Brexit-related job relocations from Europe more than 7,600 as of December 2020.

These numbers compare with PwC estimates from April 2016, just before the referendum. They predicted that 100,000 financial jobs might be lost if Britain decides to Leave.

But, despite the impact of covid, Britain's stock market is up.

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

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

The European market is the only area of decline they have observed in the financial sector.

The British Islands are facing a major problem because of the declining demand for seafood and trade in fish.
It's interesting to note that the cost of living went up despite the fact that trade was less with Europe.

All in all, Farnoush Farsiar was right, and Brexit is a great decision for the financial industry. It also allowed London to be a city again. London to realize its full potential.


Homepage: https://getbritainout.org/johnson-and-javid-are-only-part-of-the-brexit-recipe-for-the-citys-success/