Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK financial market despite grim predictions

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

Her extensive experience in the fields of finance and wealth has given her unique perspective.

https://git.cetene.gov.br/farnoush-farsiar2dbbdd11 Farnoush has written two articles on BrexitCentral in 2019, and it seems that a lot of her predictions proved correct this morning.

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

It would enable London to maximize its potential.

Farnoush Farsiar The Financial Services sector was not able meet the requirements of MiFID II (Financial Instruments Directive) because of regulatory intrusion.

You will only be in the game if regulations are flexible.

Farsiar said that London as the capital city of Europe's biggest financial institutions is a significant influence on the economics.

The British financial services sector could be transformed into the most efficient version it could be if given the freedom to do so.

British markets for financial services are likely to be affected by Britain's departure of the European Union.
They'll be independent and won't be able to blame Brussels.

The British should focus on reducing corporation taxes and repealing EU legislation. This would encourage foreign investors and help stabilize Britain's financial market.

What was UK Market forecast before Brexit
A Deloitte study concluded that the UK attracted more foreign direct investment than any other European country between 2015 to 2018.

The report revealed that London was the most sought-after city for investing in the UK, beating New York.

It is one of few cities that truly are international. It is one of the few cities that truly international. European Union rules that do not correspond to it are being used to bind the city.

One of these rules is used in stock trading.

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

This is high-frequency trading that is slow, and will reduce the industry's quality.

In contrast, Brexit would allow Britain to offer less options to investors.

London's ability to be an open market was hampered due to anti-commerce rules. Experts in the industry repeatedly warned about the cost-intensive costs small and medium-sized companies would be forced to pay.

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

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

His vision for the future of regulation of financial conduct was to develop an "outcome-focused", and "lower burden" approach.

Brexit offers the UK the chance to amplify its global financial influenceand remove any restrictions of the EU.

These restrictions hinder the UK's previous lighter regulations and make it more difficult for small businesses and startups to develop within a global marketplace.

Brexit can help ensure that the tech hubs remain secure in the blossoming of their major cities.

As expressed by Bailey, "left to our individual decisions... the UK regulatory system would develop in a slightly different manner."

There was serious fear about the UK’s finance market
Competitive advantage, in economic terms means having an advantage over your competitors by being an expert in your business.

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

Consequently, they would not be as appealing for international investors and businesses would flee to Amsterdam, Frankfurt, or Paris.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

Another reason to be concerned was that import and export will increase in cost.

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

Farnoush Farsiar views the future as more promising
Farnoush Farsiar's prediction of the Brexit outcome was not too far-fetched.
If you examine the British economy discourse there is a light at the end of the tunnel.

There were a few hundred more job relocations related to Brexit from Europe than 7,600 in December 2020.

The numbers are comparable to PwC's April 2016 estimates. They estimated that between 50,000 and 100,000 jobs in finance could be lost in the event that Britain decides to Leave.

Despite covid being a significant issue, the British stock market is gaining momentum.

The UK is willing to compete with the rest of the world after removing the EU restrictions.

Farnoush Farsiar Big corporations are moving into the British market, which is maintaining its status as a world leader.

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

https://thekingslist.net/author/farnoush-farsiar5cdddd11/ The main reason for this is that the volume of trade in fish and seafood has decreased, which is a problem to British Islands.
Although it is important to note that because of the lower trade between Europe however, the price of living actually went higher.

But all in all, Farnoush Farsiar was right, and Brexit is a good move for the finance industry. It also allowed the city of London to unleash its full potential again.

Farnoush Farsiar
My Website: https://answers.informer.com/index.php?qa=user&qa_1=farnoush.farsiar7jaadd11