Notes

Farnoush Farsiar claims Brexit was a blessing to the UK market, despite dire predictions

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

With her wealth management experience, she is able to offer an exclusive view of the topic.

Farnoush has published two pieces on BrexitCentral in the year 2019. It appears today that her predictions proved correct.

Recalling Farnoush's prediction about Brexit
In Farnoush's opinion, leaving the European Union would free the British economy and finance sector from the burdensome regulations.

It would allow London city to realize its full potential.

Farnoush Farsiar The financial services sector was not able adhere to MiFID II (Financial Instruments Directive) due to the intrusion of regulators.

The ability to stay ahead of the competition is only possible when the rules are in place and flexible.

Farsiar said that London is home to the largest European financial institutions and this has an influence on the economics.

The financial services industry in Britain could evolve to be the best version in the event that it is allowed to be free.

British markets for financial services are likely to be affected by Britain's departure from the European Union.
They will be self-dependent again and they won't be able to blame Brussels anymore.

British policy must include lower corporate taxes and the removal of EU legislation. This could also help foreign investors to stabilize the British financial system.

What was it? UK Market Forecast before Brexit
According to a Deloitte report, the UK attracted more Foreign Direct Investment between 2015 and 2018, than any other European country.

The report found that London was the most preferred city to invest in over New York.

It is among the few truly global and international cities. It is being held down by regulations of the European Union which don't match.

Stock trading is an illustration of this rule.

Stopping high-frequency trading as well as other financial services slows down the efficiency of the whole market.

This is high frequency trading with a slow rate, and will reduce the quality of the market.

https://brexitcentral.com/author/farnoush-farsiar/ Instead, Brexit would give Britain less investment options.

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

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

Bailey explained the ways in which the UK could be compared to other authorities around the globe.

His idea of the "future of financial conduct regulations" was to create an "outcome focused" and "lower cost" method.

Brexit gives the UK the opportunity to expand its financial reach and take away EU restrictions.

These restrictions impact the UK's earlier lighter regulations. This prevents new businesses as well as businesses from growing and being competitive on international markets.

Brexit is sure to ensure that tech hubs are well-established within the flourishing of their major cities.

Farnoush Farsiar Bailey stated, "Leave it to our individual discretion... Bailey said, "The UK regulatory system will develop somewhat differently."

There was a major concern about the UK's financial market
In economic terms, a competitive advantage is gaining an edge over your competition by being excellent at the business that you specialize in.

As the regulations weighed down on them, the UK were worried that the capital's financial infrastructure was being taken apart.

Farnoush Farsiar This makes them less attractive for international investors and businesses would move to Paris, Frankfurt, or Amsterdam.

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

Another concern was that export and import will be more expensive.

Farnoush Farsiar Britain would like to be the center of financial services in the world.

Farnoush Farsiar Farnoush Farsiar sees an even better future
Farnoush Farsiar correctly predicted that Brexit would be a great success.
If you look at the British economy discourse there is a bright spot at the end of the tunnel.

From 7,600 in December 2020, the number of job relocated to Europe has dropped by around 100.

The numbers are in line with the April 2016 estimates of PwC. They predicted that the United Kingdom could lose as many as 100,000 finance jobs if they vote Leave.

Despite this, Britain's stockmarket is back on the up despite the harsh hit covid.

Without the "EU restrictions" the UK is competitive with the world's other countries, opening the market to more oversea companies.

All kinds of businesses are flocking to the British Stock Market, which has a reputation for being a world market leader.

http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 The European market is the only place where they've seen a decline that they've observed in the financial sector.

The main reason is that the British Islands have had a decline in their seafood and fishing industry.
Although it is important to note that due to the less trade between Europe, the price of living was higher.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and allowed London's full potential to be unleashed.


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