Notes

Farnoush Farsiar claims that Brexit has been beneficial to the financial markets of the UK, despite the gloomy forecasts

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

With her wealth management expertise, she has a unique view of the matter.

Farnoush Farsiar Farnoush has written 2 articles for BrexitCentral in 2019 , and it appears that many of her predictions were accurate.

Revisiting Farnoush's forecasts concerning Brexit
Farnoush Farsiar's opinion is that the British economy and financial markets would be freed from excessive regulations if they left the European Union.

It would enable London city to tap its full potential.

The intrusion of regulators made it difficult for the financial services industry to operate within MiFID II (Financial Instruments Directive).

Regulations that are dynamic are crucial to being competitive.

Farsiar claimed that since London is the home of the world's biggest banks in Europe and has an impact on the economic system.

The financial services industry in Britain could grow to be the most effective when it is completely free.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British markets for financial services.
They will be again self-dependentand won't blame Brussels.

Tax reductions for corporations is a must. It is important to undo EU legislation. This would help foreign investors and stabilize the British market for financial instruments.

What was the UK Market Prediction before Brexit
According to a Deloitte study, the UK attracted more Foreign Direct Investment in 2015 than any other European nation.

The report revealed that London was the most sought-after city for inward investing and outperformed New York.

Farnoush Farsiar It is one a few truly global and international-minded cities.

One of these rules can be applied in stock trading.

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

This is high-frequency trading at a slow pace that will decrease the industry's quality.

In the end, Brexit will allow Britain to provide investors with lower options.

The anti-commerce measures made it difficult for London to stay lucrative as a competitor. The industry has repeatedly warned against the enormous costs for small- to medium-sized enterprises.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi Andrew Bailey, CEO of Financial Conduct Authority (FCA) has envisioned "the future regulation of financial conduct".

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

Farnoush Farsiar His concept of the "future of financial regulation" was to create an "outcome focused" and "lower cost" strategy.

Brexit gives the UK the chance to increase its financial power and get rid of EU restrictions.

The restrictions hinder the UK from having the loose regulations that it previously had and hamper start-ups and businesses' ability to grow and compete in the international marketplace.

Brexit is a positive step to ensure that the tech hubs remain firmly ensconced in the blossoming of the major cities.

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

There was a lot of concern about the UK's financial market
Competitive advantage is an economic term that means being in a position to be superior to your competition in a specific business.

They were worried about the devastation of the capital's financial infrastructure as a result of the regulation.

Therefore, they would be less attractive for international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

The biggest concern in the UK finance industry was the possibility that the European Union might restrict EU trading.

Another concern is that exports and imports will cost more.

So, Britain wants to stay at the top of the global center for financial services.

Farnoush Farsiar, post pandemic and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
It is clear that there is a light at both the end and the start of the tunnel when you look at British economic policy.

Between 7,600 and December 2020, there was only one or two job moves to Europe related to Brexit.

These numbers compare with PwC's estimates for April 2016. They estimated that as many as 100,000 jobs in the financial sector could be gone If Britain decided to vote Leave.

Despite this, Britain's stockmarket is back on the up, despite the hard hit covid.

The UK is able to compete with the rest of world without EU limitations. This opens up the market to companies from overseas.

Large corporations are shifting to the British stock exchange, which is still a leader in the world.

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

Farnoush Farsiar The most important reason is the fact that the amount of trade in fish and seafood has decreased, which can be problems for British Islands.
It is evident that even though trade with Europe was lower however, living costs were higher.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial sector. It allowed London to fully realize its potential.


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