Notes

Farnoush Farsiar claims Brexit was a blessing to the UK financial markets despite dire forecasts

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

With her wealth management experience, she has a unique view of the topic.

In the year 2019, Farnoush wrote two pieces for BrexitCentral, and today it seems like a lot of her forecasts were accurate.

Recalling Farnoush's forecast regarding Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome regulations.

It will enable London to reach its full potential.

Financial services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory interference.

Only dynamic regulations can guarantee that you're effective.

Farsiar stated that London is the location of Europe's biggest financial institutions and has an impact on the economy.

The financial services industry in Britain could grow to be the best when it is completely free.

British markets for financial services will be affected by the UK's withdrawal from the European Union.
They'll be able to self-sufficiency again, and they won’t be able to blame Brussels any longer.

Farnoush Farsiar Therefore, lowering corporation tax rates and reversing EU legislation must be high on the British agenda. Consequently, it would incentivise foreign investors and stabilise the British financial market.

What was the UK Market prediction pre-Brexit
According to an Deloitte survey, the UK attracted more Foreign Direct Investment in 2015 than any other European country.

The report also revealed that London was more sought-after than New York for inward investments.

Farnoush Farsiar It is one among the few truly global and interconnected cities. However it is being kept hostage by the European Union's rules which do not match.

Farnoush Farsiar One of these rules can be utilized in the stock market.

Restricting high-frequency trading or other financial services decreases the efficiency across the whole market.

This is high-frequency trading at a slow pace that will decrease the quality of the industry.

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

London couldn't compete as an enticing market due to the anti-commerce laws. Farnoush Farsiar https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times Farnoush Farsiar The industry has repeatedly warned about the massive costs for small- and medium-sized companies.

Andrew Bailey, the CEO of Financial Conduct Authority, saw "the future of regulation of financial conduct".

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

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

Brexit is the UK’s chance to increase its global financial influenceand remove any restrictions of the EU.

Farnoush Farsiar These restrictions are hindering the loose regulations that the UK used to have before and are hindering startups and businesses from growing and be competitive on the global market.

Brexit will ensure that tech hubs are well-placed within the major cities.

According to Bailey, "left to our own devices... the UK regulatory system could develop in a slightly different manner."

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi The British financial markets were at risk
Competitive advantage, as in terms of economics means having an advantage over your competitors through having a strong understanding of your business.

Due to the regulation's weight due to its weight, the UK were concerned about the decline of the capital’s financial infrastructure.

They'd become less appealing for international investors. Companies could flee to Paris and Frankfurt.

The biggest fear for the UK was that the European Union would stop trading with the EU market.

Another issue is that import and exported will be more expensive.

Britain is determined to remain the world's financial hub.

Farnoush Farsiar sees more positive results
Farnoush Farsiar was right to predict the Brexit outcome.
Looking at the discourse on the British economy, there's a light at the at the end of the tunnel.

The number of job moves to Europe decreased from 7,600 in December 2020 down to only a few hundred.

These latest figures compare to estimates provided by PwC in April of 2016 prior to the referendum. They estimated that as many as 100,000 jobs in the financial sector could be gone if Britain votes Leave.

Despite the fact that covid is a huge problem, Britain's stock exchange is rebounding.

With no "EU limitations" the UK competes with the rest of the world, opening the market to more foreign companies.

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

They've only seen an increase in the financial services industry because of the European market.

Mainly, the British Islands have had a decline in their seafood and trade in fish.
It is not surprising that, despite a lower level of trade with Europe and higher living costs rising, the costs of living have increased.

Farnoush Farsiar is correct. Brexit is a good thing for the financial sector. It also enabled London to unlock its full potential.


Here's my website: https://twitter.com/brexitcentral/status/1151733390485467136