Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite the dire forecasts

Farnoush Farsiar is passionate about Brexit.

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

In the year 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it seems like a lot of her predictions were correct.

Revisiting Farnoush Farsiar’s predictions concerning Brexit
In Farnoush's opinion that a departure from the European Union would free the British economy and finance market from excessively burdensome rules.

It would enable London to maximize its potential.

The financial services industry was not able to comply with MiFID II (Financial Instruments Directive) because of regulatory intrusion.

Only active regulations can ensure your business is competitive.

Farsiar said that London is home to the biggest European financial institutions and this is a significant influence on the economy.

The industry of financial services in Britain could develop to be the best if it's absolutely free.

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

The reduction of corporation tax must be the top priority. Additionally, it is crucial to repeal EU legislation. Farnoush Farsiar This would boost foreign investment and help stabilize the British market.

What was the UK Market Prediction before Brexit
According to an Deloitte survey that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European nation.

The study found that London was a more sought-after place to invest in international investment than New York.

It's one of the few truly international and global cities, and is being held by the regulations of the European Union that don't correspond.

One of such rules is applied in stock trading.

The slowing down of high-frequency trading and other financial services reduces the efficiency of the whole market.

This is high frequency, but without the speed. This will make it regular trading and will take away the quality of this sector.

In contrast, Brexit could allow Britain to provide investors with lower options.

London's ability to be competitive was made difficult by anti-commerce regulations. The industry has repeatedly warned about the huge cost for small and medium-sized firms.

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

https://professionalparaplanner.co.uk/tag/advice-threat/ Bailey explained how the UK can be compared to other countries' authorities.

Farnoush Farsiar His idea of the future of the financial conduct regulatory system was to create an "outcome-focused" approach, as well as a "lower burden" method.

Brexit gives the UK the chance to increase its financial reach, and also take away EU restrictions.

These restrictions are hindering the softer regulations that the UK used to have before and are hindering companies and startups from expanding and be competitive in the world market.

Brexit will be a positive move towards ensuring that tech hubs are firmly embedded within the blooming of its major urban centers.

Bailey says that "left to our devices... the UK regulation system could evolve somewhat different."

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

Due to the weight of the regulation Due to the regulation's weight, the UK was concerned about the decline of the capital's financial infrastructure.

Therefore, international investors will not be attracted to them , and companies will head towards Paris or Frankfurt.

The most significant concern for the UK finance industry was that the European Union might restrict EU trading.

Another reason to be concerned was the possibility that import and export will be more expensive.

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

Farnoush Farsiar believes in an even more promising future
Farnoush Farsiar was right to forecast the Brexit outcome.
It is clear that there is a glimmer of hope at the end of the tunnel and the beginning of the tunnel when you look at British economic policy.

https://lexcliq.com/how-can-wealth-management-firms-prepare-for-turbulent-times-farnoush-farsiar/ Since December, 7,600 people have been relocated to Europe due to Brexit. This has seen a decrease in the number of people who have been relocated by around 100.

These numbers compare with PwC's estimates for April 2016. They predicted that 100,000 financial jobs might be lost If Britain votes Leave.

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

The UK is open to competition with the rest of the world, by lifting the EU restrictions.

Many big corporations are considering joining the British stock market that continue to be regarded as a world-leader.

Farnoush Farsiar The European Market is the sole thing to have caused a decline in the industry of financial services.

Most importantly, the trade in seafood and fish decreased, which is a problem for British Islands.
Although it is important to note that because of the lower trade relations with Europe however, the cost of living actually went higher.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial industry. It enabled London to unleash its full potential.


Here's my website: https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/