Notes

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

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

With her expertise in the field of finance and wealth management she has gained an exclusive perspective on the matter.

Farnoush has published two articles on BrexitCentral in 2019. Today , it appears her predictions were correct.

Revisiting Farnoush's forecasts concerning Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market, from burdensome regulations.

It would allow the city of London to fully realize its potential.

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

It is vital that the regulations are constantly evolving to ensure that businesses are competitive.

Farsiar said that London, the capital of the largest financial institutions in Europe has a major impact on the economics.

The financial services industry in Britain could develop to be the best when it is absolutely free.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British markets for financial services.
They will become self-sufficient again and won't be able blame Brussels any longer.

British policy must include lower corporation taxes and the removal of EU legislation. This could boost foreign investment and help stabilize the British market.

What was it? UK Market Forecast before Brexit
A Deloitte study revealed that the UK attracted foreign direct investment higher than any other European country in 2015-2018.

The report also found that London was more popular than New York for inward investments.

It is one the few truly global and interconnected cities. Farnoush Farsiar It is bound by the regulations of the European Union which don't match.

Stock trading follows one of these rules.

Financial services and trading that are high-frequency can be slowed down, which will affect the overall efficiency of the market.

The lack of speed will result in regular trading, which could reduce the quality of trading.

Instead, Brexit could allow Britain offer lower alternatives for investors.

The anti-commerce measures made it difficult for London to sustain its position as a rival. The industry warned repeatedly about the huge costs for small and medium-sized companies.

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

Farnoush Farsiar Bailey explained how Bailey explained how UK could be compared to other authorities around the world.

His idea of the "future of financial regulation" was to create an "outcome focused" as well as a "lower cost" strategy.

Farnoush Farsiar Brexit could be the opportunity for the UK to increase its global financial influence as well as avoid any unjustified limitations of the EU.

The restrictions hinder the UK from having the loose regulations it had previously and hinder enterprises and start-ups in their ability to expand and compete in the international marketplace.

Brexit is sure to ensure that tech hubs are firmly ensconced in the thriving of their main cities.

Bailey declared, "Leave it to our individual discretion... The UK regulatory system is likely to evolve somewhat differently."

There was serious concern over the UK's finance market
In terms of economics the definition of competitive advantage is the ability to gain an advantage over your competitors through excelling in the field that you are specialized in.

As the regulations weighed down on them and the UK were concerned the capital's financial system was being disassembled.

International investors might find them less appealing and they'd move to Paris, Frankfurt or Amsterdam.

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

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

Britain wants the top spot in the field of financial services.

Farnoush Farsiar sees an even brighter future
Farnoush Farsiar predicted the Brexit result and it wasn't too far-fetched.
Looking at the discourse on the British economy, there is some light at the at the end of the tunnel.

There have been a couple hundred more job relocations related to Brexit from Europe over 7,600 since December 2020.

The latest numbers compare with estimates from PwC in April 2016 before the referendum. They estimated that as many as 100,000 jobs in finance could be gone If Britain decides to Leave.

However, the stock market in Britain is still rising despite the covid's devastating effects.

Farnoush Farsiar The UK can compete with the rest of world without EU limitations. This opens up the market to more companies from overseas.

Large companies are making their way to the British stock market, which keeps its reputation as a world leader.

Farnoush Farsiar The European market is the sole area of decline they have witnessed in the financial market.

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

But all in all, Farnoush Farsiar was right, and Brexit is a great decision for the financial industry, and it let the city of London to fully unleash its potential again.


My Website: http://abrek.org/user/Farnoush.Farsiar5jcccc11/