Notes

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

Farnoush Farsiar an ex-director of senior management at Emirates NBD is passionate about the Brexit.

She is unique in her insights because of her financial and wealth management experience.

Farnoush wrote two articles on BrexitCentral in the year 2019. Today , it appears her predictions proved to be accurate.

Revisiting what Farnoush Fassiar had predicted in regards to Brexit
In Farnoush Farsiar opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance sector from excessively burdensome rules.

It would enable London city to tap its full potential.

The Financial Services sector was unable to operate under MiFID II (Financial Instruments Directive) due to regulatory interference.

The ability to stay competitive is only possible if the regulations are constantly updated.

Farsiar stated that London, the capital of Europe's biggest financial institutions has a major impact 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 financial markets are expected to be affected by the UK's departure from the European Union.
They will be self-dependent again and they will no longer be able blame Brussels for their problems.

The British should prioritise reducing corporation tax rates and repealing EU legislation. It would stimulate foreign investors and help stabilize Britain's financial market.

What was the UK Market prediction pre-Brexit
According to a Deloitte study it was found that the UK attracted more Foreign Direct Investment in 2015 than any other European country.

The report found that London was the top city for investing in the UK over New York.

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

One of these rules can be applied in stock trading.

The efficiency of the entire market is affected when high-frequency trading is shut down and financial services are stopped.

It will lead to high-frequency trading, but not speed and it will take away the beauty of the industry.

In the end, Brexit will allow Britain to provide investors with lower options.

London's ability to be a competitive market was made difficult due to anti-commerce rules. The industry has repeatedly warned about the enormous costs for small and medium-sized businesses.

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This exponentially">Farnoush Farsiar Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Bailey explained how Bailey explained how the UK could be compared to other countries.

The idea he had for "the future of financial conduct regulation" was to create an "outcome-focused" as well as a "lower burden" method of regulation.

Brexit offers the UK the chance to expand its financial influence and undue restrictions of the EU.

These restrictions hamper the former regulations that were more relaxed in the UK and make it hard for businesses and start-ups to expand within a global marketplace.

Brexit will help to ensure the tech hubs the remaining secure in the blossoming of its major cities.

Bailey stated that if it was left to its own devices the regulatory system in the UK will alter in a different manner.

There was a significant worry about the UK's financial market
Competitive advantage is a financial word that means to be capable of outperforming your competition in a particular industry.

They were worried about the destruction of the financial infrastructure of capital because of the regulations.

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

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

Another issue is that import and exported is more expensive.

Britain would like to be the centre of financial services across the world.

Farnoush Farsiar sees the future as more promising
Farnoush Farsiar's predictions about Brexit weren't too far-fetched.
When you look at the discussion about the British economy, there is some light at the end of the tunnel.

Between 7,600 and 2020 the number of jobs impacted by Brexit shifts to Europe has dropped by around 100.

These figures are in line with the April 2016 estimates of PwC. They estimated that up to 100,000 jobs in the financial sector could be gone If Britain votes Leave.

However, the British stock market is back on the up despite the harsh hit covid.

The UK is competitive with the rest and the EU has removed any restrictions. This permits the UK to open up its markets to foreign businesses.

Many large corporations are now considering joining the British stock markets, which continues its reputation as a global leader.

The European market is their only real weak point in the sector of financial services.

The main reason for this was that the market for seafood and fish was reduced which poses a challenge for British Islands.
Though it is notable that, due to the decrease in trade relations with Europe the price of living actually went higher.

Overall, Farnoush Farsiar was right and Brexit is a great decision for the financial industry. It also let London to be a city again. London to fully unleash its potential once again.



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