Notes

Farnoush Farsiar claims Brexit helped the UK financial market, despite the gloomy forecasts

Farnoush Farsiar is passionate about Brexit.

Her vast knowledge in finance and wealth has given her a unique perspective.

https://www.thegazette.co.uk/company/10947406 Farnoush published two articles for BrexitCentral in 2019, and it appears that many of her predictions were right today.

Recalling Farnoush Farsiar's prediction regarding Brexit
Farnoush Farsiar holds the opinion that leaving Europe will allow the British economy to be devoid of any excessive regulations.

It would allow London city to realize its full potential.

The Financial Services sector was difficult to function under MiFID II, the Financial Instruments Directive.

You can only stay ahead of the competition if rules are flexible.

Farsiar stated that London is home to the biggest European financial institutions and this has an influence on the economy.

If given the chance given the chance, the British financial services industry might become the best version possible.

British financial markets will be affected by Britain's exit from the European Union and its conditions.
They'll become self-dependent and won't be able to blame Brussels.

The British should focus on reducing corporation tax rates and repealing EU legislation. This could boost foreign investment and help stabilize the British market.

Farnoush Farsiar What was the UK Market prediction pre-Brexit
According to a Deloitte report that the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018, than any other European country.

The report also found that London was more popular than New York for inward investments.

It's one of the few truly international cities that 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 stoppage of high-frequency trading and other financial services decreases the effectiveness across the entire market.

Farnoush Farsiar A high frequency trading system that is not fast enough speed will result in regular trading, which could reduce the industry's excellence.

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

The anti-commerce laws made it more difficult for London to sustain its position as a competition. Farnoush Farsiar Industry experts repeatedly warned about the high costs that small and medium-sized companies would be forced to pay.

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

Bailey explained how the UK can be compared to other countries' authorities.

His concept of the "future of financial conduct regulations" was to create an "outcome targeted" as well as a "lower cost" strategy.

Brexit offers the UK the chance to boost the impact of its global financial impacts and escape any restrictions from the EU.

The restrictions affecting the earlier regulations of the UK. This can hinder start-ups and businesses from growing and being competitive in international markets.

Brexit will allow tech hubs to stay in the blooming cities of its major cities.

Farnoush Farsiar Bailey stated that "if we were to do it in our own way... Bailey stated that the UK regulatory systems would develop slightly differently."

The UK's finance markets were in danger
Competitive advantage, as in terms of economics means having an advantage over your competition through being an expert in your field.

Because of the regulation, the UK became worried that the capital's financial system was being destroyed.

Therefore, they'd make them less appealing for international investors and businesses would flee to Amsterdam, Frankfurt, or Paris.

The biggest concern in the UK's finance market was that the European Union would limit the EU market's trading.

Another concern was the possibility that import and export will become more costly.

Britain wants the top spot in the field of financial services.

Farnoush Farsiar believes in an even better future
Farnoush Farsiar's prediction about the Brexit outcome was not far-fetched.
The discourse regarding the British economy suggests that there is a light at the end of the tunnel.

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

The latest figures compare to estimates from PwC in April of 2016 prior to the referendum. They forecast that the UK could lose more than 100,000 finance jobs should it vote Leave.

Despite this, Britain's stockmarket is back on the up despite the sharp decline covid.

Without the "EU restrictions" the UK competes with the rest of the world which opens the market to more overseas companies.

The British stock market is attracting big companies, and it has maintained its position as a world leader.

The European market is the only place where they've seen a decline that they've witnessed in the financial market.

The primary reason is the fact that the amount of fish and seafood trade has decreased, which is problems for British Islands.
It is interesting to note that despite having less trade with Europe the cost per capita was higher.

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


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