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

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

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

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

Revisiting Farnoush's forecasts concerning Brexit
Farnoush Farsiar is of the view that leaving Europe will let the British economy to be devoid of any unnecessary rules.

It will enable London to maximize its potential.

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

Regulations that are dynamic are crucial to staying in the game.

Farsiar stated, "London is the headquarters of the most important European financial institutions." This has an effect on the economy.

When given freedom, the British financial services industry might become the best version of the industry.

British market for financial services will be affected by the UK's departure from the European Union and its conditions.
They will become self-sufficient again, and they won’t be able blame Brussels for anything.

British policy must include lower corporation tax rates along with the repeal of EU legislation. It could also be a good way to encourage foreign investors to help stabilize the British financial system.

What was the UK Market Prediction before Brexit
A Deloitte study revealed that the UK attracted foreign direct investments more than any other European country from 2015 to the year 2018.

The report found that London was the most popular destination for inward investment than New York.

It is among the few cities that truly are international. It is one of the few cities that truly international. European Union rules that do not match with it are used to tie it to.

Farnoush Farsiar The stock market is subject to one of these guidelines.

Financial services and high-frequency trading could be slowing down and reduce the overall effectiveness of the market.

This industry is likely to lose its excellence and high frequency trading if it does not move at a rapid pace.

Instead, Brexit would make it possible for Britain to offer lower alternatives for investors.

The anti-commerce laws made it more difficult for London to remain profitable as a competition. The industry has repeatedly warned against the enormous cost for small to medium-sized businesses.

Andrew Bailey, CEO of Financial Conduct Authority (FCA) has envisioned "the future regulation of financial conduct".

Bailey explained the ways in which the UK could be considered to be comparable with other governments around the world.

His vision for the future of regulation of financial conduct was to devise an "outcome-focused" approach, as well as a "lower burden" strategy.

Brexit could be the opportunity for the UK to amplify its global financial influence and undue restrictions of the EU.

These restrictions have impeded the previous regulations that were more relaxed in the UK. They also prevent startups from expanding and becoming competitive on the global market.

Brexit could be a beneficial move towards ensuring that tech hubs will remain within the blooming of its major cities.

Bailey declared, "Leave it to our own devices... The UK regulatory system will develop somewhat differently."

There was significant concern over the UK's finance market
In economic terms, a competitive advantage is gaining an edge over your competition by doing a great job in the area which you specialize in.

They were concerned about the destruction of capital's financial infrastructure because of the rules.

International investors might find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

Farnoush Farsiar The biggest concern in the British finance market was the possibility that the European Union would limit the EU market's trading.

Another issue was that import and export will be more expensive.

https://www.highlandcountychamber.com/farnoush-farsiar-why-are-women-so-scarce-in-finance/ Britain wants to be the center of financial services in the world.

Farnoush Farsiar Farnoush Farsiar sees an even brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
If you look at the British economic discourse there is a bright spot at end of the tunnel.

From 7,600 in December 2020, the number of job shifts to Europe has declined by about a hundred.

These figures are in line with PwC's estimates for April 2016. They estimated that as many as 100,000 jobs in finance could be eliminated if Britain decides to Leave.

But, despite the impact of covid, Britain's stock market is now back on the rise.

The UK can compete with rest of world with no EU limitations. This opens up the market to more businesses from outside the country.

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

The European Market is the only factor that has led to an overall decline in the field of financial services.

The primary reason is that the volume of trade in fish and seafood has decreased, which is an issue for British Islands.
It's interesting that the cost of living increased despite the fact that trade was less with Europe.

Farnoush Farsiar is correct. Brexit is a great thing for the financial sector. It also helped London to fully realize its potential.