Notes

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

Farnoush Farsiar who was previously a the senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

She has unique insights due to her financial and wealth management experience.

In 2019, Farnoush penned two articles for BrexitCentral and, as of today, it seems like a lot of her forecasts were accurate.

Reexamining Farnoush Farsiar's predictions concerning Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the finance market, from the burdensome rules.

It will allow London city to unlock its potential to the fullest extent.

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

The need for dynamic regulations is essential to staying competitive.

Farsiar said that London is the home of the biggest European financial institutions and this has an influence on the economy.

If given the chance to expand, Britain's banking services industry could become the very best version of self.

Farnoush Farsiar British markets for financial services are likely to be affected by Britain's departure of the European Union.
https://justpaste.me/zPmz Farnoush Farsiar They'll be dependent again and won't be able to blame Brussels anymore.

Lower corporation taxes should be a top priority. Additionally, it is essential to change EU legislation. This will boost foreign investment and help stabilize the British market.

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

The report found that London was a more popular location for investment in the UK than New York.

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

Stock trading is a prime example of this rule.

Financial services and trading that are high-frequency could be slowing down and reduce the overall effectiveness of the market.

https://anotepad.com/notes/tijd3aeb A high frequency trading system that is not fast enough speed will lead to regular trading, which will diminish the industry's excellence.

Instead, Brexit would allow Britain to offer lower alternatives for investors.

London was unable to remain a profitable competitor because of the anti-commerce rules. The industry has repeatedly warned about the enormous cost to small and medium firms.

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

Bailey explained how the UK could be compared to other international authorities.

His idea to create "the future of financial regulation" was to establish an "outcome directed" and "lower load" strategy.

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

These restrictions hinder the previous regulations of the UK and make it more difficult for businesses and start-ups to develop within a global marketplace.

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

Bailey said, "Leave it to our own devices... The UK regulatory system is likely to evolve in a different way."

There was a concern about the UK's finances
Competitive advantage, as in terms of economics means having an advantage over your competitors through having a strong understanding of your field.

The regulation was weighing on them and the UK were worried that the capital's financial system was being taken down.

International investors might consider them less attractive and they'd move to Paris, Frankfurt or Amsterdam.

The most feared thing about the finance market in the UK was the possibility that the European Union would limit the EU market's trading.

The other concern was the possibility of rising import and export prices.

Britain hopes to become the financial center of the world.

http://y8space.com/members-2/farnoush-farsiar8aaadd11/activity/3159584/ Farnoush Farsiar post pandemic and in the middle of Brexit sees a brighter future
Farnoush Farsiar's prediction of the Brexit result was not too far-fetched.
In the debate about the British economy, there's some light at the end of the tunnel.

The number of job shifts to Europe has dropped by 7,600 from December 2020 down to just a handful of hundred.

These numbers are comparable to PwC's estimates for April 2016. They estimated that 100,000 jobs in the financial sector could be gone in the event that Britain chooses to Leave.

Despite this, Britain's stockmarket is now on the rise despite the sharp decline covid.

The UK is able to compete with other countries , without the EU restrictions, which opens up the market for more overseas companies.

Large companies are making their way to the British stock market, and it is able to maintain its status as a world leader.

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

The primary reason is the fact that the amount of seafood and fish trade has decreased, which is a problem to British Islands.
It is noticeable that although trade with Europe was lower, living costs remained higher.

Farnoush Farsiar Farnoush Farsiar is correct. Brexit is a great thing for the financial industry. It also helped London to fully realize its potential.


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