Notes

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

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

With her wealth management experience, she has an exclusive view of the topic.

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

Recalling Farnoush's prediction about Brexit
Farnoush Farsiar believes in the opinion that a departure from Europe will let the British economy to be free from unneeded regulations.

It would enable London city to unlock its potential to the fullest extent.

The intrusion of regulators made it difficult for the financial services industry to function within MiFID II (Financial Instruments Directive).

You can only stay competitive if regulations are flexible.

Farsiar stated that London is the capital of Europe's largest financial institutions is a significant influence on the economy.

When given freedom and autonomy, the British financial service industry could become the most efficient version of the industry.

British financial markets may be affected by Britain's withdrawal from EU and its conditions.
They will be independent again, and they will no longer be able to blame Brussels.

British policy must include lower corporate taxes along with the repeal of EU legislation. This would encourage foreign investors and stabilise the British financial market.

What was UK Market prediction before Brexit
A Deloitte study concluded that the UK attracted more foreign direct investment than any other European country between 2015 and 2018.

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

It is one of the few truly global and internationally-minded cities.

Stock trading is a prime illustration of this principle.

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

A high frequency trading system that is not fast enough speed can lead to frequent trading, which can reduce the level of excellence in the industry.

In contrast, Brexit would give Britain less investment options.

The anti-commerce laws made it more difficult for London to sustain its position as a rival. The industry repeatedly warned over the enormous cost for small and medium-sized businesses.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future of financial conduct regulation".

Bailey explained how the UK can be compared to other authorities around world.

His idea of the future of financial conduct regulation was to create an "outcome-focused" and "lower burden" approach.

Brexit could be the opportunity for the UK to boost the impact of its global financial impacts and to avoid any limitations by the EU.

These restrictions affect the earlier regulations of the UK. This prevents new businesses and businesses from growing and being competitive in international markets.

Brexit will ensure that the tech hubs remain firmly ensconced among the major cities.

Bailey stated that if it was it was left to its own devices, the UK's regulatory system will change in a different way.

The British financial markets were at risk
Competitive advantage, economically is having an advantage over your competition through being an expert in your field.

https://twitter.com/BrexitCentral/status/1140499332128530432 was concerned over the degeneration of the financial infrastructure of the capital because of the rules.

So, investors from abroad won't be attracted by these companies and they will move to Paris or Frankfurt.

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

A second issue was the possibility of increased import and export costs.

So, https://twitter.com/brexitcentral/status/1152601570447646720 wants to stay on top of the world's center for financial services.

Farnoush Farsiar predicts an even brighter future
Farnoush Farsiar correctly predicted that Brexit would be a great success.
There is hope for the British economy if you take a look at the debate.

The number of Brexit-related job relocations to Europe has declined from 7,600 in December 2020 to a few hundred.

The most recent figures are in line with estimates from PwC in April 2016, before the referendum. http://www.checkcompany.co.uk/director/12203696/MS-FARNOUSH-FARSIAR-AIDI forecasted that as high as 100,000 financial jobs could be gone if Britain had voted to Leave.

Despite the fact that covid has been having a hard time the UK's stock markets are rebounding.

With no "EU restrictions" the UK is competitive with the world's other countries and is open to more foreign companies.

Many big corporations are considering joining the British stock market that continue to be regarded as a world-leader.

The European market is their sole real weak point in the field of financial services.

Mainly http://companycheck.co.uk/search?term=farnoush farsiar of seafood and fish decreased, which is a problem for British Islands.
Although it is important to note that due to the less trade with Europe however, the price of living did get higher.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and let London's full potential to be unleashed again.


My Website: https://twitter.com/BrexitCentral/status/1140499332128530432