Notes

Farnoush Farsiar claims that Brexit has benefited the financial markets of the UK despite the dire forecasts.

Farnoush Farsiar Former senior director at Emirates NBD. He is also the founder of Plato Capital.

With her experience in wealth and finance She has developed an exclusive perspective on the matter.

In 2019, Farnoush wrote two articles for BrexitCentral and, as of today, it seems that many of her forecasts were accurate.

Revisiting what Farnoush Fassiar predicted about Brexit
In Farnoush Farsiar opinion that a departure from the European Union would free the British economy and finance sector from the burdensome regulations.

It would allow London city to tap its potential to the fullest extent.

The financial services industry found it difficult to function under MiFID II, the Financial Instruments Directive.

You can only stay ahead of the competition if rules are flexible.

Farsiar said that London is the capital of Europe's biggest financial institutions is a significant influence on the economics.

The financial service industry in Britain may evolve to become the most efficient version of itself in the event that it is allowed to be free.

British financial markets will be impacted by the UK's departure from the European Union and its conditions.
They'll be dependent again and will no longer be able blame Brussels for their problems.

Therefore the British must prioritise tax cuts for businesses and the repeal of EU laws. This would increase foreign investment and stabilize the British market.

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

Additionally, the report highlighted London surpassing New York as the most desirable city for inward-investment.

It is among the few truly interconnected and global cities. However, it is being taken hostage by European Union's rules that are not in line with.

The stock market is subject to one of these rules.

The efficiency of the entire market is diminished when high-frequency trading shut down and financial services are stopped.

It is high frequency but not the speed. It makes it more regular and take away the excellence of this sector.

Instead, Brexit would allow Britain to offer less options to investors.

London was unable to be competitive with the rest of the world due to anti-commerce policies. The industry has repeatedly warned against the huge costs for small-to medium-sized companies.

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

Bailey explained the ways in which Bailey explained how the UK could be equated with other governments around the world.

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

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

These restrictions hinder the lighter regulations the UK had before and inhibit startups and businesses from growing and being competitive in the world market.

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

Bailey said Bailey that "if we were to do it our way... the UK regulatory system would evolve slightly differently."

There was a significant worry about the UK's finance market
In terms of economics, a competitive advantage is having an edge over your competitors through doing a great job in the area that you are specialized in.

The UK was worried over the degeneration of the capital's financial infrastructure because of the rules.

Therefore, international investors won't be attracted by these companies and they will move to Paris or Frankfurt.

The main concern of the UK finance industry was that the European Union might restrict EU trading.

Another concern was that export and import is likely to become more expensive.

Britain is aiming to be the best in financial services.

Farnoush Farsiar sees the future as more exciting
Farnoush Farsiar correctly predicted that Brexit was a huge success.
There is optimism for the British economy if you take a look at the discourse.

Between 7,600 and December 2020 there was only one or two job moves from Europe in connection with Brexit.

These figures are in line with PwC's estimates for April 2016. They projected that 100,000 jobs in the financial sector could be eliminated in the event that Britain decides to Leave.

Even with the impact of covid Britain's stock market is now back up.

The UK is more competitive than the other countries, and the EU has removed any restrictions. This allows the UK to open up its market to more foreign firms.

All kinds of businesses are attracted to the British Stock Market, which has a the reputation of being a global market leader.

The only decline they've observed in the field of financial services is in the European market.

The declining trade in seafood and fish was the major problem that faced the British Islands.
It is interesting that living costs grew regardless of the fact that trade was lower with Europe.

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


Website: https://brexitregulations.net/tag/global/