Notes

Farnoush Farsiar asserts that Brexit has benefited the UK financial sector, despite the dire forecasts

Farnoush Farsiar a former director at Emirates NBD is passionate about Brexit.

With her experience in finance and wealth management, she has gained an unique perspective on the matter.

In the year 2019, Farnoush wrote two articles for BrexitCentral and, as of today, it seems like a lot of her predictions were right.

Re-visiting Farnoush's forecast about Brexit
Farnoush Farsiar's belief is that the British economy and the financial market would be exempt from the burdensome rules if they were to leave the European Union.

It would allow London city to tap its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made more difficult because of regulatory intrusion.

It is essential that rules are continuously updated to ensure competitiveness.

Farsiar said that London is the home of the biggest European financial institutions and that this has an impact on the economy.

If given the chance to grow, Britain's financial services industry could become the most perfect version of its self.

British financial markets will be impacted by the UK's departure of the European Union and its conditions.
They will once again be independent and will no longer be capable of blaming Brussels.

Therefore, lowering https://brexitregulations.net/tag/london/ and repealing EU legislation should be high on the British agenda. It could also be a good way to encourage foreign investors to improve the British financial system.

What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted foreign direct investments higher than any other European country from 2015 to the year 2018.

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

It is one the few truly global and international cities. It is restricted by regulations of the European Union which don't match.

Stock trading follows one of these guidelines.

Financial services and trading that are high-frequency can be slowed down and impact the overall efficiency of the market.

High frequency trading that lacks speed will lead to regular trading, which will diminish the level of excellence in the industry.

In https://blackcowriefinance.com/2020/12/21/financial-services-will-enjoy-a-brexit-boom-if-the-regulators-let-us-take-advantage-of-the-opportunities-it-presents/ , Brexit will allow Britain to offer investors lower alternatives.

London was unable to compete with the rest of the world due to anti-commerce policies. The business community has repeatedly warned about the huge costs for small- to medium-sized enterprises.

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

Bailey explained how Britain could be compared to other governments around the world.

His idea of "the future regulation of financial conduct" was to come up with an "outcome-focusedstrategy" and "lower-burden" approach.

Brexit could be the opportunity for the UK to increase the impact of its global financial impacts and avoid any restrictions from the EU.

These restrictions affect the previous regulations that were lighter in the United Kingdom. This hinders start-ups as well as businesses from growing and being competitive on international markets.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi will ensure that tech hubs are firmly ensconced in the blossoming of their cities.

Bailey declared that "if we did it in our own way... the UK regulatory systems would evolve somewhat differently."

There was serious concern about the UK's financial market
Competitive advantage, economically means having an advantage over your competitors through being an expert in your business.

In the wake of the regulation, the UK began to be concerned that the capital's financial system was being demolished.

Thus, foreign investors are not likely to be drawn by them , and companies will head towards Paris or Frankfurt.

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

Another reason to be concerned is that the cost of export and import is more expensive.

Therefore, Britain wants to stay at the top of the global centre for financial services.

Farnoush Farsiar post pandemic, and in the middle of Brexit has a brighter outlook
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
The discourse about the British economy suggests that there is a light at the end of the tunnel.

Between 7,600 and 2020 the number of job relocations to Europe has dropped by around 100.

These numbers are comparable to PwC estimates from April 2016, which were released before the referendum. They forecast that the UK could lose up to 100,000 jobs in finance should it vote Leave.

Despite the fact that covid has been having a hard time the British stock market is returning to a higher level.

The UK is able to compete with other countries , without the EU restrictions opening up the market to more foreign companies.

A number of large companies are considering joining the British market, which continues its reputation as a world leader.

They have only noticed a decline in the financial services industry due to the European market.

The main reason is that the British Islands have had a reduction in their seafood trade and trade in fish.
It is not surprising that, despite lower trade between Europe and higher living expenses rising, the costs of living have increased.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance and enabled London to realize its full potential.


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