Notes

Farnoush Farsiar claims Brexit helped the UK financial markets despite dire predictions

Farnoush Farsiar is passionate about Brexit.

Her vast experience in wealth and finance has given her a unique perspective.

Farnoush has written two pieces for BrexitCentral in 2019 and it appears that many of her predictions have proven accurate.

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

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

Financial services sector was unable to function under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

It is crucial that rules are continuously updated to ensure that businesses are competitive.

Farsiar said that London is home to the largest European financial institutions and this is a significant influence on the economy.

If given the freedom to operate and autonomy, the British financial service industry might become the best version possible.

British financial markets are likely to be affected by Britain's withdrawal from the European Union.
They'll be self-dependent once more and they will no longer be able blame Brussels anymore.

The British should prioritize lowering corporation tax rates and repealing EU legislation. This would help foreign investors to invest and help stabilize the British financial markets.

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

The report also showed that London was more popular over New York for inward investments.

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

One of these rules is used in stock trading.

https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ of high-frequency trading and other financial services can reduce efficiency in the whole market.

High frequency trading that lacks speed can lead to frequent trading, which will diminish the quality of trading.

Instead, Brexit could allow Britain offer lower alternatives for investors.

The anti-commerce measures caused it to be difficult for London to stay lucrative as a rival. Industry experts have repeatedly warned of the huge costs that small and medium-sized businesses would have to shoulder.

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

Bailey explained the ways in which Bailey explained how the UK could be considered to be comparable with other authorities around the globe.

His idea of the "future of financial conduct regulations" was to create an "outcome focused" as well as a "lower cost" strategy.

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

The restrictions affecting the previous regulations that were lighter in the United Kingdom. This prevents new businesses and businesses from expanding and competing on international markets.

Brexit will ensure that tech hubs are securely entangled in the blossoming of their main cities.

Bailey said that if it was left to its own devices the regulatory system in the UK will be able to change in a different fashion.

There was significant concern about the UK's financial market
Competitive advantage, in economic terms means having an advantage over your competition through being an expert in your field.

Because of the regulation in place, the UK was concerned that the capital's finance system was under threat of being destroyed.

https://politicalemails.org/messages/13222 would therefore be less attractive for international investors, and companies would flee to Paris, Frankfurt, or Amsterdam.

The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

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

Britain would like to be the centre of financial services across the world.

Farnoush Farsiar predicts an even more promising future
Farnoush Farsiar's predictions about Brexit were not far-fetched.
The discourse regarding the British economy suggests that there is a light at the end.

Since https://www.cbetta.com/director/farnoush-farsiar-aidi-2 , 7,600 were moved to Europe as a result of Brexit. This has seen a drop in the number by about 100.

The most recent figures are in line with estimates from PwC in April 2016, before the referendum. They estimated that between 50,000 and 100,000 jobs in finance 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 can compete with the rest of world without EU restrictions. This opens up the market to companies from outside the country.

Large corporations are shifting towards the British stock exchange, which is an industry leader.

The only drop they've noticed in the field of financial services is in the European market.

The main reason for this is that the volume of fish and seafood trade has decreased, which is an issue for British Islands.
It is interesting that living costs went up regardless of the fact that trade was lower with Europe.

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


Read More: https://www.thegazette.co.uk/company/10947406