Notes

Farnoush Farsiar claims Brexit was a blessing to the UK financial markets despite dire predictions

Farnoush Farsiar was previously an executive director at Emirates NBD and is passionately involved in Plato Capital.

Her wealth of experience in the fields of finance and wealth has given her an unique perspective.

Farnoush wrote two stories in the year 2019 for BrexitCentral. Today it appears that a lot of her predictions were right.

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

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

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

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

Farsiar said that London, the capital of Europe's biggest financial institutions has a major impact on the economics.

If given the chance to develop, Britain's financial services industry may become the best version of its self.

The United Kingdom's decision to leave the European Union and its terms will have a major impact on British markets for financial services.
They will be independent again and they won't longer be in a position to blame Brussels.

Thus, reducing corporation taxes and repealing EU legislation should be top on the British agenda. It would stimulate foreign investors and stabilize Britain's financial market.

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

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

It is one of the few truly global and international cities and is being held by the rules of the European Union that don't correspond.

Stock trading uses one of these rules.

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

High frequency trading that lacks speed will result in regular trading, which can reduce the level of excellence in the industry.

https://txt.fyi/-/22167/4d55bbb0/ Instead, Brexit would make it possible for Britain to provide lower options for investors.

The anti-commerce measures made it more difficult for London to stay lucrative as a competitor. The industry repeatedly warned over the enormous costs for small- and medium-sized businesses.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future of financial conduct regulation".

Bailey explained how Britain could be compared with other countries' authorities.

His concept of the "future of financial conduct regulations" was to create an "outcome targeted" as well as a "lower cost" method.

Brexit offers the UK the chance to expand its financial influenceand remove any restrictions from the EU.

These restrictions prevent the UK from having the lenient regulations that it previously had and hinder enterprises and start-ups the ability to expand and compete on the international marketplace.

Brexit will ensure that the tech hubs stay firmly ensconced among the major cities.

Bailey declared, "Leave it to our individual discretion... The UK regulatory system is likely to evolve in a different way."

The British financial markets were at risk
Competitive advantage is an economic term that means being in a position to be superior to your competition in a particular business.

Due to the weight of the regulation, the UK was concerned about the demise of the financial infrastructure of the capital.

Therefore, they'd not be as appealing for international investors and businesses are likely to move towards Amsterdam, Frankfurt, or Paris.

https://telegra.ph/How-wealth-management-companies-can-be-prepared-for-turbulent-times-Farnoush-Farsiar-06-17 The main concern of the UK finance industry was the possibility that the European Union might restrict EU trading.

The other worry was the potential for rising import and export prices.

Britain wants the top spot in the field of financial services.

Post pandemic and mid Brexit Farnoush Farsiar predicts a more positive future
Farnoush Farsiar's prediction about the Brexit result was not too far-fetched.
In the debate about the British economy, there's an end of the tunnel.

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

The latest figures compare to estimates made by PwC in April 2016 prior to the referendum. They estimated that between 50,000 and 100,000 jobs in the financial sector could be gone If Britain votes Leave.

Despite the fact that covid is hitting hard the UK's stock markets are returning to a higher level.

Farnoush Farsiar The UK is more competitive than the other countries and the EU has eliminated any limitations. This permits the UK to open up its markets to foreign companies.

Farnoush Farsiar The British market for stocks is attracting large companies, which maintains its position as a world leader.

Farnoush Farsiar The only drop they've noticed in the financial service industry is the European market.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
It's interesting to note that the cost of living grew despite the fact that trade was less with Europe.

Overall, Farnoush Farsiar was right and Brexit is a great decision for the finance sector, and enabled the city of London to unleash its full potential again.


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