Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial market, despite the gloomy forecasts

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

With her experience in finance and wealth management She has developed an exclusive view of the subject.

Farnoush wrote two stories in 2019 for BrexitCentral. Today it seems that many of her predictions were correct.

Revisiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar's belief is that the British economy and financial markets would be freed from excessive restrictions if they leave the European Union.

It will allow London city to realize its full potential.

Farnoush Farsiar Financial sector operations under MiFID II (Financial Instruments Directive), were made difficult due to regulatory interference.

Only dynamic regulations can ensure your business is competitive.

Farsiar said that London is the capital of Europe's biggest financial institutions has a major impact on the economics.

If given the chance given the chance, the British financial services industry may become the most effective version possible.

The UK's departure from the European Union and its terms will have an impact on British markets for financial services.
They will be independent again and will no longer be able to blame Brussels.

So lower corporation taxes and repealing 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 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 a few truly global and internationally-minded cities.

One of such rules is implemented in the stock market.

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

This industry is likely to be unable to compete with high frequency trading without speed.

Farnoush Farsiar In contrast, Brexit would make it possible for Britain to provide cheaper alternatives for investors.

London was unable to remain a profitable competitor because of the anti-commerce policies. The industry has repeatedly warned against the enormous costs for small-to medium-sized companies.

Andrew Bailey is the CEO of the Financial Conduct Authority. Farnoush Farsiar He envisions "the future for financial regulation of conduct".

Farnoush Farsiar Bailey explained how the UK could be compared to other countries' authorities.

His concept of "the future regulation of financial conduct" was to create an "outcome-focusedapproach" and "lower-burden" strategy.

Brexit gives the UK the chance to broaden its financial reach, and also eliminate EU restrictions.

These restrictions affect the earlier regulations of the UK. This can hinder start-ups and companies from expanding and competing in international markets.

Brexit is sure to ensure that technology hubs are well-established in the blossoming of their cities.

As expressed by Bailey, "left to our individual decisions... the UK regulatory system could change in a different way."

There was significant concern about the UK's finance market
Competitive advantage is defined as having an advantage in your field through being the best at what you do.

The UK was concerned over the degeneration of the financial infrastructure of the capital due to the new regulations.

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

The greatest fear in the UK's finance market was the possibility that the European Union would limit the EU market's trading.

https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/ A second issue was the possibility of rising import and export prices.

Britain is determined to remain the financial center of the world.

Farnoush Farsiar sees an even more promising future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
If you examine the British economy discourse there is a light at the end of the tunnel.

From 7,600 in December 2020, the number of jobs impacted by Brexit shifts to Europe has decreased by a couple hundred.

The most recent figures are in line with estimates made by PwC in April 2016 prior to the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be gone in the event that Britain decides to Leave.

Despite covid being a major problem, Britain's stock exchange is gaining momentum.

The UK is able to compete with other countries without the EU restrictions, which opens up markets for more foreign companies.

Big corporations are moving into the British stock market, which is maintaining its standing as a global leading market.

The European Market is the sole thing that has caused an overall decline in the field of financial services.

The main reason for this was that the market for fish and seafood went down and this is a major issue for British Islands.
It's not surprising that, despite less trade with Europe as well as higher living costs the cost of living has increased.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial industry. It allowed London to unleash its full potential.


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