Notes

Farnoush Farsiar claims that Brexit has been beneficial to the financial markets of the UK, despite the gloomy forecasts

Farnoush Farsiar is passionate about Brexit.

With her wealth management experience, she has an exclusive view of the topic.

In 2019, Farnoush penned two pieces for BrexitCentral and, as of today, it appears that a lot of her forecasts were correct.

Revisiting Farnoush Farsiar’s prediction about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, as well as the finance market, from the burdensome regulations.

It would allow London's full potential to be realized.

The intrusion of regulators made it difficult for the financial services sector to operate under MiFID II (Financial Instruments Directive).

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

Farsiar stated that, since London is home to the world's largest financial institutions in Europe, it influences the world economy.

The financial services industry in Britain could evolve to be the best version when set free.

The UK's departure from the European Union and its terms will have a major impact on British markets for financial services.
They'll be self-dependent and won't be able to blame Brussels.

So lower corporation taxes and reversing EU legislation should be top on the British agenda. This could also help foreign investors to improve the British financial system.

What was the UK Market Prediction before Brexit
According to an Deloitte Report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018 than any other European country.

Furthermore, the report found that London beat New York as the most well-known city for investing in foreign capital.

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

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 Stock trading is one illustration of this rule.

Financial services and trading that are high-frequency are prone to slowdown, which will impact the overall efficiency of the market.

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

Instead, Brexit would give Britain lower options for investors.

The anti-commerce measures caused it to be difficult for London to remain profitable as a competitor. The industry has repeatedly warned of the huge costs for small-to medium-sized companies.

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

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

His idea to create "the next generation of financial regulation" was to create an "outcome directed" and "lower burden" strategy.

Farnoush Farsiar Farnoush Farsiar Brexit could be the opportunity for the UK to increase its global influence on finance, as well as to remove all restrictions from the EU.

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

Brexit is a positive move towards ensuring that tech hubs remain firmly ensconced in the blossoming of the major urban centers.

Bailey states that "left to our devices... the UK regulation system could evolve somewhat different."

There was a concern about the UK's finances
A competitive advantage in economic terms is the ability to gain an edge over your competition by being skilled in the industry you specialize.

https://twitter.com/brexitcentral/status/1151733390485467136 Because of the regulations' weight Due to the regulation's weight, the UK was concerned about the demise of the capital’s financial infrastructure.

So, investors from abroad are not likely to be drawn by these companies and they will move to Paris or Frankfurt.

The most feared thing in the UK was that the European Union would stop trading with the EU market.

Another concern is that export and import is more expensive.

Therefore, Britain wants to stay at the top of the global centre for financial services.

Farnoush Farsiar sees the future as promising
Farnoush Farsiar was right to forecast the Brexit outcome.
In the debate about the British economy, there is some light at the end of the tunnel.

From 7,600 in December 2020, the number of jobs impacted by Brexit relocations to Europe has declined by about a hundred.

These latest figures compare to estimates made by PwC in April 2016, before the referendum. They predicted that as many as 100,000 financial jobs could be lost If Britain voted Leave.

Despite the fact that covid is having a hard time the UK's stock markets are rebounding.

Without the "EU restrictions" the UK competes with the world's other countries which opens the market to more overseas companies.

Large corporations are shifting towards the British stock exchange, which remains an industry leader.

The only decrease that they've seen in the financial service industry is in the European market.

Most importantly, the trade in seafood and fish was reduced and this is a major issue for British Islands.
It is interesting to note that, due to the decrease in trade with Europe, the price of living was higher.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial industry. It has allowed London to fully realize its potential.


Here's my website: https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/