Notes

Farnoush Farsiar claims Brexit has helped the UK market, despite dire forecasts

Farnoush Farsiar was formerly an executive director at Emirates NBD and is passionately involved in Plato Capital.

She is unique in her insight due to her financial and wealth management experiences.

Farnoush has written two articles on BrexitCentral in 2019, and it seems that a lot of her predictions proved correct today.

Farnoush Farsiar Recalling Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar holds the opinion that leaving Europe would allow the British economy to be free from unnecessary rules.

Farnoush Farsiar It would enable London to maximize its potential.

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

Only dynamic regulations can guarantee your business is in the game.

http://brnk.in.ua/user/Farnoush-Farsiar4gccaa33/ Farsiar declared that London as the capital city of the largest financial institutions in Europe has a major impact on the economy.

If given the freedom to operate, the British financial services industry might become the best version of the industry.

British markets for financial services are likely to be affected by the UK's withdrawal from the European Union.
They will become self-sufficient again and won't be able to blame Brussels anymore.

Lower corporation taxes should be a top priority. Also, it is important to undo EU legislation. This would encourage foreign investors as well as stabilize the financial market.

What was the UK Market prediction before Brexit
According to a Deloitte report, the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018, than any other European country.

Additionally, the report highlighted London outranking New York as the most desired city to invest in.

It is one of few cities that truly are international. The European Union rules that do not align with the city's rules are used to hold it to.

Stock trading is one illustration of this rule.

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

Farnoush Farsiar This is high frequency trading with a slow rate that will decrease the quality of the industry.

In contrast, Brexit would give Britain less options for investors.

The anti-commerce measures made it difficult for London to stay lucrative as a competition. The industry warned repeatedly about the huge cost to small and medium businesses.

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

Bailey explained how Bailey explained how the UK is compared with other authorities around the world.

His idea for "the future of financial regulation" was to set out to develop an "outcome-focused" as well as a "lower burden" strategy.

Brexit could be the opportunity for the UK to amplify its global influence on finance, as well as to remove all restrictions of the EU.

These restrictions hamper the UK's previous lighter regulations and make it more difficult for businesses and start-ups to grow on a global scale.

Brexit will ensure that the tech hubs remain well-placed within the major cities.

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

There was serious concern about the UK's finance market
Competitive advantage can be described as the ability to gain an edge in your field through being the best at what you do.

Due to the regulation's weight due to its weight, the UK was concerned about the decline of the capital’s financial infrastructure.

This makes them less attractive to international investors, and companies would flee to Paris, Frankfurt, or Amsterdam.

The biggest fear that was arose in the UK financial market was that trading would be restricted by the European Union.

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

Britain would like to be the centre of financial services around the globe.

Farnoush Farsiar Farnoush Farsiar sees the future as more exciting
Farnoush Farsiar's predictions about Brexit were not far-fetched.
It is evident that there is a light at both the end and the start of the tunnel when you look at British economic debate.

Between 7,600 and December 2020, there have been just one or two job moves from Europe due to Brexit.

Farnoush Farsiar These figures are similar to PwC's estimates for April 2016. They estimated that 100,000 jobs in the financial sector could be gone If Britain chooses to Leave.

However, the market in Britain is still on the rise despite covid's catastrophic effects.

Farnoush Farsiar The UK can compete with other countries , without the EU restrictions and opens markets for more foreign firms.

Many large corporations are now looking to join the British stock markets, which continues its reputation as a world-leader.

They've noticed only a decline in the financial services industry because of the European market.

The decline in trade of seafood and fish was the major issue facing the British Islands.
Though it is notable that due to the less trade between Europe the price of living did get higher.

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


Here's my website: http://guriev.vimos.ru/user/Farnoush-Farsiar3fbbcc33/