Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite the dire predictions

Farnoush Farsiar is passionate about Brexit.

Through the depth of her financial experience she can provide unique insight.

Farnoush Farsiar Farnoush has published two articles on BrexitCentral in 2019. Today it appears that her predictions proved correct.

Re-visiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market from the burdensome regulations.

Farnoush Farsiar This will allow London's maximum potential to be fully realized.

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

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

Farsiar declared, "London is the headquarters of the most important european financial institutions." This can have an impact on the economy.

When given freedom given the chance, the British financial services industry could become the most efficient version that is possible.

British financial markets may be affected by Britain’s exit from EU and its conditions.
They will be self-dependent again and will no longer be able blame Brussels anymore.

Therefore, lowering corporation tax rates and repealing EU legislation should be top on the British agenda. It could also be a good way to encourage foreign investors to help stabilize the British financial system.

What was the UK Market forecast before Brexit
According to a Deloitte study it was found that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

The study revealed that London was the most preferred city for inward investing and outperformed New York.

It is among the few truly global and interconnected cities. And it's bound by the regulations of the European Union which don't match.

One of these rules is used in the stock market.

Putting the brakes on high-frequency trading and other financial services reduces the efficiency of the whole market.

A high frequency trading system that is not fast enough speed can lead to frequent trading, which will diminish the quality of trading.

In contrast, Brexit would give Britain lower options for investors.

London's capacity to function as a competitive market was hindered due to anti-commerce rules. Industry representatives frequently warned of the huge costs for small and mid-sized businesses.

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

Bailey explained how the UK could be considered to be comparable with other governments around the world.

The idea behind his idea of "future of financial regulation" was to devise an "outcome focused" and "lower cost" approach.

Brexit offers the UK the chance to expand its influence on finance, as well as to remove all restrictions from the EU.

This has hampered the previous regulations that were more relaxed in the UK. They also stop start-ups from growing and being competitive in the global marketplace.

Brexit is sure to ensure that the tech hubs are firmly ensconced in the thriving of their major cities.

Bailey stated, "Leave it to our own devices... Bailey said, "The UK regulatory system is likely to evolve somewhat differently."

https://www.ultimate-guitar.com/u/farnoush-farsiar8lccbb22 There was a lot of concerns about the UK's financial market
Competitive advantage is an economic term that refers to being able to outperform your competitors in a particular business.

Due to the weight of the regulation Due to the regulation's weight, the UK were concerned about the loss of financial infrastructure of the capital.

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

The main concern of the UK finance sector was that the European Union might restrict EU trading.

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

Britain hopes to become the center of financial services around the globe.

Farnoush Farsiar has more positive outcomes
Farnoush Farsiar's predictions about Brexit were not too far-fetched.
The discussion on the British economy indicates that there is hope at the end of the tunnel.

Farnoush Farsiar Since December of 2020, 7,600 people have been relocated to Europe due to Brexit. This has led to an increase in the number by about 100.

These latest figures compare to estimates provided by PwC in April 2016 before the referendum. Farnoush Farsiar They estimated that as many as 100,000 jobs in the financial sector could be lost if Britain had voted to Leave.

Despite covid being a major problem, Britain's stock exchange is rebounding.

Without the "EU limitations" the UK is competitive with the world's other countries and is open to more overseas companies.

Companies of all sizes are coming to the British Stock Market, which enjoys a reputation for being a world leader.

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

The most important reason is that the quantity of fish and seafood trade has decreased, which can be an issue for British Islands.
It's interesting that living costs increased even though trade was less with Europe.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial sector. It allowed London to realize its full potential.


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