Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector despite negative predictions.

Farnoush Farsiar , formerly the senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

With her experience in wealth and finance, she has gained an exclusive view of the subject.

Farnoush published two articles on BrexitCentral in 2019, and it appears that many of her predictions were right today.

Revisiting Farnoush's forecasts regarding Brexit
In Farnoush's opinion, leaving the European Union would free the British economy and the finance market from over-burdensome regulations.

It would enable London to realize its full potential.

Financial sector activities under MiFID II (Financial Instruments Directive), were made difficult due to regulatory interference.

It is crucial that regulations evolve constantly to ensure competitiveness.

Farsiar stated, "London is the headquarters for the biggest european banks." This has an effect on the economy.

The financial service industry in Britain could evolve to be the best version of itself when set free.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British financial markets.
https://www.ukphonebook.com/telephone-directory/people-by-outer/NW8?page=45 will become independent once more, and they will no longer be capable of blaming Brussels.

So lower corporation taxes and repealing EU legislation should be high on the British agenda. It could encourage foreign investors and help stabilize Britain's financial market.

What was the UK Market forecast before Brexit
According to an Deloitte report, the UK attracted more Foreign Direct Investment Between 2015 and 2018 than any other European Country.

In addition, the report revealed London outranking New York as the most attractive city to invest in inwards.

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

Stock trading is an illustration of this principle.

The slowing down of high-frequency trading as well as other financial services slows down the effectiveness of the entire market.

This industry is likely to lose its excellence and high-frequency trading without speed.

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

London was unable to compete in a lucrative market because of the laws that prohibit commerce. Industry experts have repeatedly warned of the huge costs that small and medium-sized companies would have to bear.

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

Bailey explained that Bailey explained that the UK could be compared with other nations around the world.

The idea he had for "the future of regulation of financial conduct" was to create the "outcome-focused" as well as a "lower burden" approach.

Brexit could be the opportunity for the UK to increase its global financial influence, as well as to remove unnecessary restrictions from the EU.

These restrictions hinder the loose regulations that the UK previously had and hinder enterprises and start-ups to grow and be competitive on the global market.

Brexit is sure to ensure that the tech hubs are securely entangled within the flourishing of their main cities.

As expressed by Bailey, "left to our individual decisions... the UK regulatory system could develop in a slightly different manner."

The British financial markets were at risk
A competitive advantage, in terms of money, is the ability to get an advantage over your competitors by being skilled in your field of expertise.

As the regulations weighed down on them, the UK were worried that the capital's financial infrastructure was being taken down.

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

The most significant concern for the UK finance sector was that the European Union might restrict EU trading.

Another reason to be concerned was that exports and imports will increase in cost.

Britain wants to be the financial center of the world.

Farnoush Farsiar views the future as more promising
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
It is evident that there is light at both the end and the beginning of the tunnel when you study British economic debate.

Since December, 7,600 people were relocated to Europe due to Brexit. This has seen a decrease in the number by about 100.

The numbers are in line with PwC's estimates for April 2016. They estimated that up to 100,000 jobs in the financial sector could be lost as a result of Britain leaving the EU. Leave.

Despite covid being a significant problem, Britain's stock exchange is rebounding.

The UK is competitive with the rest and the EU has removed any restrictions. This allows the UK to open its market to more foreign businesses.

A number of large companies are looking to join the British market that continue to be regarded as a world-leader.

The European market is the sole area of decline they have seen in the financial industry.

Most importantly, the British Islands have had a reduction in their seafood trade and fish trade.
It is interesting that living costs grew regardless of the fact that trade was lower with Europe.

Farnoush Farsiar was absolutely right. Brexit is a great decision for finance, and has allowed London to reclaim its full potential.


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