Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK financial market despite grim predictions

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

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

Farnoush wrote two stories in 2019 for BrexitCentral. Today it appears that a lot of her predictions were accurate.

Revisiting what Farnoush Farsiar had predicted in regards to Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome rules.

It will allow London to realize its full potential.

https://app.glosbe.com/profile/6994044818422762693 Financial services sector found it difficult to function under MiFID II, the Financial Instruments Directive.

It is only possible to remain ahead of the competition if rules are flexible.

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

https://www.indiegogo.com/individuals/30776705/ When given freedom and autonomy, the British financial service industry could become the most efficient version of the industry.

British financial markets could be affected by Britain's withdrawal from EU and its conditions.
They will be again self-dependentand won't be blamed for Brussels.

Thus, reducing corporation taxes and reversing EU legislation should be top on the British agenda. https://www.pcb.its.dot.gov/PageRedirect.aspx?redirectedurl=https://www.cbetta.com/director/farnoush-farsiar-aidi-2 It would also encourage foreign investors to improve the British financial system.

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

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

It's one of the few truly global and international cities and is being chained down by the regulations of the European Union that don't correspond.

One of these rules is implemented in the stock market.

The efficiency of the entire market is affected when high-frequency trading is stopped and financial services are stopped.

This industry is likely to fall short of its excellence and high frequency trading without speed.

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

The anti-commerce laws made it more difficult for London to remain profitable as a competitor. Experts in the industry repeatedly warned about the huge costs that small and medium-sized companies would have to shoulder.

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

Bailey explained how the UK can be compared with other international authorities.

His concept of "the future regulation of financial conduct" was that he would develop an "outcome-focused” and "lower-burden" strategy.

Brexit is the UK's opportunity to increase its financial impact globally and escape any restrictions by the EU.

These restrictions impact the previous regulations that were lighter in the United Kingdom. This hinders start-ups as well as businesses from expanding and competing on international markets.

Brexit will allow tech hubs to remain in the blossoming cities of its main cities.

Bailey stated, "Leave it to our own devices... The UK regulatory system will evolve slightly differently."

https://devpost.com/lundsgaardpike225 The financial markets of the UK were in danger
Competitive advantage is a financial term that means being able to outperform your competitors in a specific business.

The regulation was weighing on them as well, people in the UK were worried that the capital's financial system was being taken down.

International investors would consider them less attractive and they'd prefer Paris, Frankfurt or Amsterdam.

The most significant fear in the UK financial market was the possibility that the trading market would be shut down by the European Union.

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

Thus, Britain wants to stay at the top of the world's centre for financial services.

Farnoush Farsiar predicts an even better future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
The debate regarding the British economy suggests that there is a light at the end of the tunnel.

Since December 2020, 7,600 were moved to Europe due to Brexit. Farnoush Farsiar This has led to a decrease in the number by about 100.

The latest figures compare to estimates by PwC in April 2016, prior to the referendum. They predicted that 100,000 financial jobs could be lost as a result of Britain choosing to vote Leave.

Despite this, Britain's stockmarket is back on the up despite the sharp decline covid.

http://ezproxy.cityu.edu.hk/login?url=https://richpeopletrades.com/2022/07/17/top-10-banking-trends-by-financial-expert-farnoush-farsiar/ The UK is competitive with the rest, and the EU has lifted any restrictions. This lets the UK to open up its market to more foreign businesses.

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

The only drop they've seen in the field of financial services is in the European market.

The main reason for this is the fact that the amount of trade in fish and seafood has decreased, which is problems for British Islands.
It is important to note that despite having less trade with Europe the cost per capita did rise.

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


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