Notes

Farnoush Farsiar claims Brexit has benefited the UK financial market despite gloomy forecasts

Farnoush Farsiar an ex-director of senior management at Emirates NBD is passionate about Brexit.

She has unique insights due to her wealth and financial management experience.

Farnoush wrote two articles on BrexitCentral in the year 2019, and it appears that many of her predictions proved correct today.

Revisiting Farnoush Farsiar 's prediction about Brexit
Farnoush Farsiar's view is that the British economy and financial market would be freed from excessive regulations if they left the European Union.

It would allow London to realize its full potential.

The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory interference.

Being ahead of the competition is only possible when the regulations are constantly updated.

Farsiar said that London is the location of Europe's most important financial institutions and has a huge influence on the economy.

The financial services industry in Britain may evolve to become the best version in the event that it is allowed to be free.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 are likely to be affected by Britain's withdrawal from the European Union.
They'll become self-dependent and won't have the ability to blame Brussels.

Therefore, lowering corporation tax rates and reversing EU legislation must be high on the British agenda. This would help foreign investors and stabilize the British market for financial instruments.

What was it? https://www.instagram.com/farnoushhamidian/ before Brexit
According to a Deloitte study that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

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

It is among the few truly interconnected and global cities. However it is taken hostage by European Union's rules, which aren't in accordance with.

Stock trading is a prime example of this rule.

The stoppage of high-frequency trading and other financial services can reduce efficiency in the whole market.

The industry will be unable to compete with high-frequency trading without speed.

Instead, Brexit would give Britain lower options for investors.

London was unable to maintain its position as a viable competitor due to the anti-commerce measures. Industry experts repeatedly warned of the massive cost to small and medium companies.

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

Bailey explained how the UK is compared with other international authorities.

His idea of the "future of financial conduct regulations" was to devise an "outcome specific" as well as a "lower cost" approach.

Brexit could be the opportunity for the UK to amplify its global financial influence and undue limitations from the EU.

The restrictions affecting the UK's earlier lighter regulations. This hinders start-ups as well as businesses from expanding and competing on international markets.

Brexit will aid in ensuring the tech hubs the remaining secure in the blossoming of their major cities.

Bailey declares that "left to our devices... the UK regulation system would evolve somewhat different."

There was http://companycheck.co.uk/search?term=farnoush farsiar about the UK's financial market
Competitive advantage, economically is having an advantage over your competition through being an expert in your field.

The UK was concerned about the disintegration of the financial infrastructure of the capital because of the rules.

They would therefore be less attractive for international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

The biggest concern in the finance market in the UK was the possibility that the European Union would limit the EU market's trading.

The other worry was the potential for rising import and export prices.

Britain wants to be the center of financial services around the globe.

Farnoush Farsiar believes in the future as promising
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
There is optimism for the British economy if you take a look at the debate.

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

These numbers are comparable to PwC estimates from April 2016, just prior to the referendum. They estimated that as many as 100,000 jobs in the financial sector could be lost if Britain chooses to Leave.

In spite of this, the UK's stock market is now back on track, despite the hard hit covid.

The UK is willing to compete with the rest of the world after removing the EU restrictions.

Many large corporations are now looking to join the British market and continue its status as a world-leader.

The European market is the sole market that has suffered the most they have observed in the financial sector.

The decrease in the trade of seafood and fish was the major issue facing the British Islands.
It is important to note that despite having lower trade with Europe the cost per capita did rise.

Farnoush Farsiar is correct. Brexit is a great thing for the financial sector. It also helped London to fully realize its potential.


Here's my website: https://www.instagram.com/farnoushhamidian/