Notes

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

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

With her wealth management experience, she has an unique perspective on the subject.

In the year 2019, Farnoush wrote two pieces for BrexitCentral Today, it appears that a lot of her forecasts were correct.

Revisiting Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar is of the opinion that leaving Europe will allow the British economy to be free from unneeded rules.

It will enable the city of London to fully realize its potential.

A regulatory intrusion has made it hard for the financial services sector to operate within MiFID II (Financial Instruments Directive).

Only active regulations can ensure that you are competitive.

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 Farsiar claimed that since London is home to the world's biggest banks in Europe and has an impact on the economy.

The financial services industry in Britain might evolve into the best version when set free.

British financial markets are expected to be affected by the UK's departure from the European Union.
They will be independent again and will no longer be able to blame Brussels.

So lower corporation taxes and repealing EU legislation should be top on the British agenda. This could increase foreign investment and stabilize the British market.

Farnoush Farsiar What was UK Market prediction before Brexit
According to an Deloitte study that the UK attracted more Foreign Direct Investment in 2015 than any other European nation.

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

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

The stock market is subject to one of these rules.

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

This is high-frequency trading that is slow that will decrease the industry's quality.

Instead, Brexit will allow Britain to provide investors with lower options.

London could not compete as a lucrative market because of the laws that prohibit commerce. Experts in the industry repeatedly warned about the huge costs that small and mid-sized businesses will be forced to pay.

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

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

Farnoush Farsiar His idea of the future of regulation of financial conduct was to devise an "outcome-focused", and "lower burden" approach.

Brexit offers the UK an opportunity to boost its financial power and get free of EU restrictions.

These restrictions hinder the softer regulations that the UK previously had and hinder companies and startups from expanding and compete on the global market.

Brexit is a positive step towards ensuring that the tech hubs remain firmly ensconced in the thriving of its major cities.

According to Bailey, "left to our own devices... the UK regulatory system will evolve somewhat differently."

There was serious fear about the UK’s finance market
In economic terms, a competitive advantage is gaining an edge over your competitors through being excellent at the business that you specialize in.

The UK was worried about the disintegration of the financial infrastructure of the capital due to the new regulations.

They'd be less appealing to international investors. Businesses would leave for Paris and Frankfurt.

The most significant concern for the UK finance industry was the possibility that the European Union might restrict EU trading.

Another concern was that exports and imports will increase in cost.

Britain hopes to become the financial services center of the world.

https://suite.endole.co.uk/insight/people/25691618-farnoush-farsiar-aidi Farnoush Farsiar views the future as promising
Farnoush Farsiar's prediction about the Brexit outcome was not far-fetched.
There is hope for the British economy if you look at the debate.

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

These numbers are comparable to PwC's April 2016 estimates. They estimated that 100,000 jobs in the financial sector could be lost if Britain votes Leave.

However, the British stock market is now on the rise, despite the hard hit covid.

The UK can compete with other countries without the EU restrictions opening up markets for more foreign companies.

Large companies are making their way to the British stock market, which keeps its standing as a global leader.

They've noticed only an increase in the field of financial services due to the European market.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
Though it is notable that because of the lower trade with Europe, the cost of living was higher.

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


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