Notes

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

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

With her wealth management experience, she is able to offer an unique perspective on the subject.

Farnoush wrote two pieces on BrexitCentral in 2019. Today , it appears her predictions proved to be correct.

Reexamining Farnoush Farsiar's predictions about Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome rules.

It will enable London to fully realize its potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging due to regulatory interference.

It is only possible to remain in the game if regulations are flexible.

Farsiar explained that London is the home of the largest financial institutions in Europe and this has an influence on the economy.

If given the freedom to operate given the chance, the British financial services industry might become the best version possible.

British markets for financial services are likely to be affected by Britain's withdrawal from the European Union.
They will be self-dependent again and they will not be able to blame Brussels for their problems.

The British should focus on reducing corporation taxes and repealing EU legislation. It would encourage foreign investors as well as stabilize British market for financial instruments.

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

The report found that London was a more popular place to invest in international investment over New York.

It is one the few truly global and interconnected cities. It is being held down by rules of the European Union which don't match.

http://capacitaciontotalcdmx.com/members/farnoush-farsiar8hffdd33/activity/260225/ Stock trading is an example of this rule.

High-frequency trading and financial services could be slowing down, which will reduce the overall effectiveness of the market.

Farnoush Farsiar This is high frequency, but without the speed. It makes it more regular and take away the excellence of this industry.

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

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

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Bailey explained that Bailey said that UK can be compared to other countries around the world.

His concept of "the future financial conduct regulation" was that he would create an "outcome-focused” and "lower-burden" strategy.

Brexit is the UK’s chance to amplify its global financial influenceand remove any restrictions from the EU.

These restrictions are hindering the softer regulations that the UK previously had and hinder companies and startups from expanding and be competitive in the world market.

Brexit could be a beneficial step to ensure that the tech hubs remain firmly ensconced in the blossoming of the major cities.

According to Bailey, "left to our individual decisions... the UK regulatory system would change in a different way."

There was some concern over the finances of the UK
Competitive advantage is a financial word that means to be in a position to be superior to your competition in a particular business.

Because of the regulations' weight due to its weight, the UK was concerned about the decline of the capital's financial infrastructure.

They would therefore be less appealing to investors from abroad and businesses would move to Paris, Frankfurt, or Amsterdam.

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

Another concern is that exports and imports will be more expensive.

Britain hopes to become the financial center around the globe.

Farnoush Farsiar believes in an even brighter future
Farnoush Farsiar's prediction about the Brexit result was not too far-fetched.
The discussion on the British economy indicates that there is hope at the end.

There have been a couple hundred additional job relocations due to Brexit from Europe more than 7,600 as of December 2020.

https://notes.io/qrFV7 These figures are in line with the April 2016 estimates of PwC. They estimated that up to 100,000 jobs in finance could be lost in the event of Britain choosing to vote Leave.

https://controlc.com/c7749622 Despite the fact that covid has been causing a lot of pain, Britain's stock markets are back on the rise.

Farnoush Farsiar The UK is competitive with the rest and the EU has eliminated any limitations. This allows the UK to open its markets to foreign companies.

A number of large companies are seeking to join the British market that continue to be regarded as a world leader.

They have only noticed a decrease in the field of financial services because of the European market.

The British Islands are facing a serious issue because of the decline in seafood and trade in fish.
It's interesting to note that living costs went up despite the fact that trade was lower with Europe.

But all in all, Farnoush Farsiar was right and Brexit is a great decision for the financial industry, and it let the city of London to realize its full potential once again.


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