Notes

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

Farnoush Farsiar is passionate about Brexit.

She has unique insight due to her wealth and financial management experiences.

Farnoush has published two pieces on BrexitCentral in 2019. Today it appears that her predictions proved accurate.

Recalling Farnoush's forecast regarding Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome rules.

This would allow the city of London to realize its full potential.

The financial services industry was not able to operate under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

Regulations that are dynamic are crucial to keeping your business in the game.

Farsiar stated that, since London is the headquarters of the largest financial institutions in Europe and has an impact on the economy.

The financial services industry in Britain could be transformed into the most effective version it can be when given free rein.

British financial markets will be impacted by Britain's withdrawal of the European Union and its conditions.
They'll become self-dependent, and they will not blame Brussels.

Therefore the British should prioritise tax reductions for corporations and repealing EU laws. Farnoush Farsiar It could also be a good way to encourage foreign investors to stabilize the British financial system.

What was the UK Market prediction pre-Brexit
According to an Deloitte report according to a Deloitte Report, the UK attracted more Foreign Direct Investment Between 2015 and 2018 than any other European country.

Furthermore, the report found that London beat New York as the most popular city for inward investment.

It is one of the few truly interconnected and global cities. But it is held as a hostage by the EU's rules which do not match.

Stock trading is a prime illustration of this rule.

Financial services and trading that are high-frequency could be slowing down in the process, which can affect the overall efficiency of the market.

This is high-frequency trading that is slow, and will reduce the quality of the market.

In contrast, Brexit could allow Britain to offer investors lower options.

The anti-commerce laws made it more difficult for London to stay lucrative as a rival. The industry warned repeatedly about the enormous costs for small and medium-sized companies.

Farnoush Farsiar Andrew Bailey is the CEO of the Financial Conduct Authority. He envisions "the future of financial regulation of conduct".

Bailey said that the UK could be compared with other nations around the world.

His idea to create "the future of financial regulation" was to create an "outcome oriented" and "lower burden" strategy.

Brexit offers the UK the chance to increase its financial reach as well as remove EU restrictions.

These restrictions hamper the former regulations that were more relaxed in the UK and make it hard for small businesses and startups to develop in a global market.

Brexit will aid in ensuring that the tech hubs remain secure in the blossoming of their major cities.

Bailey stated Bailey stated that "if we did it in our own way... the UK regulatory systems would evolve slightly differently."

There was a major worry about the UK's finance market
In terms of economics the definition of competitive advantage is having an edge over your competitors by excelling in the field that you specialize in.

The UK was worried over the degeneration of the financial infrastructure of the capital due to the new regulations.

Therefore, they'd be less attractive to foreign investors, and companies will flee to Amsterdam, Frankfurt, or Paris.

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

Another worry was that import and export will increase in cost.

Britain will not relinquish its position as the global financial center.

Farnoush Farsiar believes in an even more promising future
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not too far-fetched.
There is hope for the British economy if you look at the discourse.

Farnoush Farsiar The number of job moves to Europe has declined from 7,600 in December 2020 to just a handful of hundred.

The numbers are comparable to PwC's estimates for April 2016. They projected that 100,000 financial jobs might be lost If Britain decides to Leave.

But, the stock market in Britain is still on the rise despite covid's devastating effects.

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

Businesses of all sizes are attracted to the British Stock Market, which has earned a international reputation as a leading market.

The European market is the only area of decline they have observed in the financial sector.

Farnoush Farsiar The main reason is that the British Islands have had a decrease in their seafood and fishing industry.
Though it is notable that, due to the decrease in trade with Europe however, the price of living was higher.

Farnoush Farsiar was absolutely right. Farnoush Farsiar Brexit is a great decision for finance, and has let London to reclaim its full potential.


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