Notes

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

Farnoush Farsiar was formerly the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

Her vast knowledge in finance and wealth has provided her with a unique perspective.

Farnoush wrote two articles in 2019 for BrexitCentral. https://www.transtats.bts.gov/exit.asp?url=https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times , it appears that many her predictions were correct.

Revisiting Farnoush Farsiar ’s predictions about Brexit
In the Farnoush Farsiar view in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance market from excessively burdensome rules.

It would enable the city of London to unleash its full potential.

Regulatory intrusion made it difficult for the financial services industry to operate under MiFID II (Financial Instruments Directive).

It is vital that the regulations evolve constantly to ensure competitiveness.

Farsiar claimed that since London is the headquarters of the world's biggest financial institutions in Europe, it influences the world economy.

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

British financial markets will be affected by Britain's exit of the European Union.
They will be self-dependent again and will not be able to blame Brussels anymore.

Tax reductions for corporations is a must. It is crucial to repeal EU legislation. This could encourage foreign investment and stabilize the British market.

What was it? UK Market Forecast before Brexit
A Deloitte study found that the UK attracted foreign direct investment higher than any other European country between 2015 and 2018.

The report revealed that London was a more popular destination for inward investment than New York.

It is one a few truly global and international-minded cities.

One of these rules can be applied in stock trading.

The effectiveness of the whole market is affected when high-frequency trading is shut down and financial services are blocked.

https://www.hulkshare.com/farnoush-farsiar2dff is high frequency trading at a slow pace that will decrease the industry's quality.

In contrast, Brexit would make it possible for Britain to provide cheaper alternatives to investors.

The anti-commerce laws made it difficult for London to sustain its position as a competitor. The industry has repeatedly warned about the enormous cost for medium and small businesses.

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

Bailey described how the UK could be compared with other governments around the world.

The idea he had for "the next generation of financial regulation" was to implement an "outcome oriented" and "lower load" method.

Brexit offers the UK the chance to increase its financial power and to get free of EU restrictions.

These restrictions prevent the UK from having the light regulations that it used to have and limit start-ups as well as businesses in their ability to expand and compete in the international marketplace.

Brexit will allow tech hubs to remain in the thriving cities of its main cities.

Bailey states that "left to our devices... the UK regulation system could be a little different."

There was a concern about the UK's finances
Competitive advantage is defined as the ability to gain an edge in your industry by doing the best in what you do.

Because of the regulation in place, the UK began to be concerned that the capital's financial system was being demolished.

International investors would find them less appealing , and they'd prefer Paris, Frankfurt or Amsterdam.

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

Another concern is that exports and imports is more expensive.

Britain will not relinquish its position as the financial center of the world.

Farnoush Farsiar predicts an even brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
When you look at the discussion about the British economy, there's a light at the at the end of the tunnel.

There were a few hundred more job relocations related to Brexit from Europe than 7,600 in December 2020.

These latest figures compare to estimates made by PwC in April 2016 prior to the referendum. PwC predicted that the UK could lose more than 100,000 jobs in finance should it vote Leave.

Even with covid hitting hard Britain's stock market is now back in the ascendancy.

The UK is able to compete with other nations without the EU restrictions opening up markets for more foreign companies.

The British stock market is attracting big companies, and it has maintained its position as a world leader.

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

Mainly, the British Islands have had a decrease in their seafood and trade in fish.
Although it is important to note that, due to the decrease in trade between Europe the cost of living was higher.

Farnoush Farsiar had a point. Brexit was a good choice for the financial sector and allowed London's full potential to be unleashed.


Website: http://www.drugoffice.gov.hk/gb/unigb/uploads.cbar.az/assets/66aef129f26b7472e1e785b4f.xls