Notes

Farnoush Farsiar claims Brexit has helped the UK market, despite dire predictions

Farnoush Farsiar is passionate about Brexit.

Her vast experience in wealth and finance has provided her with a an unrivalled perspective.

Farnoush has written two pieces for BrexitCentral in 2019, and it seems that a lot of her predictions proved correct this morning.

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

This would allow the city of London to realize its full potential.

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

Being in the game is only possible if the rules are in place and flexible.

Farsiar said, "London is the headquarters for the largest European financial institutions." This affects the economy.

If given the opportunity to grow, Britain's financial services industry could become the most perfect version of its self.

https://www.crunchbase.com/person/farnoush-farsiar British market for financial services will be impacted by Britain's withdrawal of the European Union and its conditions.
They will be again self-dependentand won't blame Brussels.

Thus, the British should prioritise tax reductions for companies and abrogating EU laws. It will encourage foreign investors to invest and help stabilize the British market for financial instruments.

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

http://koyomi8.com/wiki/index.php?farnoush.farsiar2cff The report also showed that London was more popular than New York for inward investments.

Farnoush Farsiar It is one among the few truly global and interconnected cities. But, it is being taken hostage by European Union's rules that are not in line with.

One of such rules is implemented in the stock market.

The efficiency of the entire market is diminished when high-frequency trading removed and financial services are stopped.

Farnoush Farsiar This is high frequency trading with a slow rate which will lower the quality of the industry.

In contrast, Brexit would allow Britain to offer lower alternatives for investors.

London couldn't compete as it is a lucrative market due to the anti-commerce laws. The industry has repeatedly warned about the enormous costs for small and medium-sized businesses.

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

Bailey explained how Britain could be compared with other countries' authorities.

His concept of "the future financial conduct regulation" was to develop an "outcome-focused” and "lower-burden" method of regulation.

Brexit provides the UK an opportunity to amplify its financial power and get free of EU restrictions.

These restrictions have impeded the earlier relaxed regulations in the UK. They also stop companies that are just starting out from being globally competitive.

Brexit will help to ensure the tech hubs the remaining firmly ensconce in the blooming of the major cities.

https://techplanet.today/post/farnoush-farsiar-claims-that-brexit-has-helped-the-financial-markets-of-the-uk-in-spite-of-the-grim-forecasts Bailey said, "Leave it to our individual discretion... Bailey said, "The UK regulatory system will evolve slightly differently."

There was serious concerns about the UK's financial market
Competitive advantage is a financial term that refers to being in a position to be superior to your competition in a particular business.

They were worried about the loss of the financial infrastructure of capital because of the rules.

This makes them less attractive to international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

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

Another concern is that import and exported is more expensive.

Britain hopes to become the centre of financial services in the world.

Mid Brexit Farnoush Farsiar predicts the future as more optimistic
Farnoush Farsiar's prediction for the Brexit result was not too far-fetched.
It is clear that there is a glimmer of hope at both the end and the start of the tunnel when you look at British economic debate.

There have been a couple hundred more job relocations related to Brexit from Europe over 7,600 since December 2020.

The numbers are comparable to the April 2016 estimates of PwC. They estimated that as many as 100,000 financial jobs would be eliminated if Britain decides to Leave.

But, the stock market in Britain is still rising despite the covid's devastating effects.

The UK can compete with other nations without the EU restrictions, which opens up the market for more overseas companies.

All kinds of businesses are coming to the British Stock Market, which has earned a reputation for being a world market leader.

The European market is the sole area of decline they have seen in the financial industry.

The declining trade in seafood and fish was the primary problem facing British Islands.
https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ It's not a surprise that, despite less trade with Europe and higher living expenses the cost of living has increased.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance and allowed London to fully realize its potential.


Website: https://bmmagazine.co.uk/business/top-10-banking-trends-according-to-farnoush-farsiar/