Farnoush Farsiar is passionate about Brexit.
With her wealth management experience, she is able to offer an exclusive view of the subject.
Farnoush published two pieces on BrexitCentral in 2019. Today , it appears her predictions were right.
Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar holds the opinion that leaving Europe would let the British economy to be free of unnecessary regulations.
It would enable London to realize its full potential.
Financial services sector was not able adhere to MiFID II (Financial Instruments Directive) due to regulatory intrusion.
It is only possible to remain in the game if regulations are adaptable.
Farsiar stated that London is the home of the largest European financial institutions and that this has an impact on the economy.
https://getbritainout.org/johnson-and-javid-are-only-part-of-the-brexit-recipe-for-the-citys-success/ When given freedom, the British financial services industry could become the most efficient version of the industry.
The UK's withdrawal from the European Union and its terms will have a significant impact on British financial markets.
They'll be self-dependentand won't blame Brussels.
British policy must include lower corporate taxes as well as the repeal of EU legislation. It could also be a good way to encourage foreign investors to improve the British financial system.
What was the UK Market prediction before Brexit
According to an Deloitte report that the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European country.
The study found that London was a more sought-after location for investment in the UK over New York.
It is one of the few truly interconnected and global cities. However it is held as a hostage by the EU's rules, which aren't in accordance with.
Farnoush Farsiar Stock trading follows one of these guidelines.
The stoppage of high-frequency trading and other financial services decreases the effectiveness across the entire market.
It is high frequency but not the speed. It can make it regular trading and take away the excellence of this industry.
Instead, Brexit would give Britain less investment options.
The measures against commerce caused it to be difficult for London to remain profitable as a competition. The industry repeatedly warned over the enormous costs for small and medium-sized firms.
Andrew Bailey is the CEO of the Financial Conduct Authority. He envisions "the future for financial conduct regulation".
Farnoush Farsiar Bailey explained how Bailey explained how the UK could be compared to other governments around the world.
His vision for the future of regulation of financial conduct was to devise an "outcome-focused" and "lower burden" method.
Brexit is the UK’s chance to increase its global influence on finance, as well as to remove all restrictions from the EU.
These restrictions hinder the softer regulations that the UK previously had and hinder enterprises and start-ups to grow and being competitive in the world market.
Brexit will allow tech hubs to remain in the blooming cities of its major cities.
Bailey stated Bailey that "if we were to do it in our own way... the UK regulatory system would evolve slightly differently."
There was some concern over the finances of the UK
Competitive advantage is described as the ability to gain an edge in your field by doing the best in your job.
The UK was concerned over the degeneration of the capital's financial infrastructure due to the regulations.
https://www.trackometrix.com/farnoush-farsiar-why-are-so-few-women-in-finance-2/ They would become less attractive for international investors. Businesses would leave for Paris or Frankfurt.
Farnoush Farsiar The most significant fear in the UK market for financial services was that trading would be regulated by the European Union.
Another concern was that exports and imports will get more expensive.
Britain will not relinquish its position as the financial center of the world.
Farnoush Farsiar sees the future as more promising
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
Looking at the discourse on the British economy, there's an at the end of the tunnel.
Farnoush Farsiar Since December, 7,600 people have been relocated to Europe as a result of Brexit. The result has been a decrease in the number by about 100.
The numbers are comparable to PwC's estimates for April 2016. They estimated that between 50,000 and 100,000 jobs in finance could be lost in the event that Britain votes Leave.
Despite the fact that covid is having a hard time the British stock market is back on the rise.
The UK is competitive with the rest and the EU has removed any restrictions. This lets the UK to open its market to more foreign businesses.
Large corporations are shifting to the British stock exchange, which is still one of the top exchanges in the world.
They've only seen an increase in the financial services industry due to the European market.
The British Islands are facing a major problem because of the decrease in seafood consumption and the trade in fish.
It is noticeable that even though trade with Europe was lower but living expenses remained higher.
Farnoush Farsiar was correct, and Brexit is a good thing for the financial industry. It enabled London to realize its full potential.