Farnoush Farsiar claims Brexit helped the UK financial market despite gloomy forecasts

Farnoush Farsiar is passionate about Brexit.

Thanks to her wealth management expertise, she has an exclusive view of the subject.

Farnoush wrote two pieces for BrexitCentral in 2019, and it appears that many of her predictions came true today.

Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar holds the opinion that a departure from Europe will let the British economy to be devoid of any unneeded restrictions.

It would enable London city to unlock its full potential.

The financial services industry found it difficult to function under MiFID II, the Financial Instruments Directive.

It is only possible to remain competitive if regulations are flexible.

Farsiar said that London is home to the largest European financial institutions and this has an influence on the economy.

The financial services industry in Britain is likely to grow to become the best if it's free.

British financial markets are likely to be affected by Britain's departure of the European Union.
They'll be dependent again and they will not be able to blame Brussels for their problems.

Therefore, the British should prioritise tax reductions for companies and repealing EU laws. This would boost foreign investment and help stabilize the British market.

What was UK Market forecast before Brexit
According to an Deloitte report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018, than any other European Country.

Furthermore, the report found that London beat New York as the most sought-after city for investment in the country.

It is one of the few truly interconnected and global cities. But it is being kept hostage by European Union's rules which do not match.

Stock trading uses one of these rules.

Farnoush Farsiar The effectiveness of the whole market is diminished when high-frequency trading stopped as well as financial services are stopped.

https://www.trackometrix.com/farnoush-farsiar-why-are-so-few-women-in-finance-2/ This is high frequency trading at a slow pace that will decrease the quality of the industry.

Instead, Brexit would allow Britain to offer less options to investors.

Farnoush Farsiar The measures against commerce made it difficult for London to stay lucrative as a competitor. Industry experts repeatedly warned about the cost-intensive costs small and medium-sized companies would have to shoulder.

Andrew Bailey, the CEO of Financial Conduct Authority, saw "the future of 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 concept of "the future regulation of financial conduct" was that he would come up with an "outcome-focused” and "lower-burden" method of regulation.

Brexit is the UK’s chance to increase its global financial influenceand remove any restrictions of the EU.

This has hampered the earlier relaxed regulations in the UK. They also hinder startups from expanding and becoming competitive on the global market.

Brexit will let tech hubs remain in the blooming cities of its major cities.

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

There was some concern over the UK's finances
A competitive advantage, in terms of money, is the ability to gain an edge over your competition by being knowledgeable in your field of expertise.

Due to the regulations due to the regulation, the UK was worried that the capital's financial system was under threat of being destroyed.

https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ They would therefore be less appealing to investors from abroad and businesses would move to Paris, Frankfurt, or Amsterdam.

Farnoush Farsiar The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

Another concern was that exports and imports will become more expensive.

Britain hopes to become the financial services center of the world.

Post pandemic and mid Brexit Farnoush Farsiar predicts the future as more optimistic
Farnoush Farsiar was right to accurately predict the Brexit outcome.
There is hope for the British economy if you look at the discussion.

Since December, 7,600 people were moved to Europe as a result of Brexit. This has seen an increase in the number by approximately 100.

These figures are in line with PwC's estimates for April 2016. They projected that as many 100,000 financial jobs could be lost as a result of Britain choosing to vote Leave.

However, the stock market in Britain is still growing despite covid's devastating effects.

The UK can compete with the world's other countries with no EU limitations. This opens the market to companies from outside the country.

All kinds of businesses are flocking to the British Stock Market, which has earned a reputation for being a world market leader.

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

The British Islands are facing a serious issue because of the decline in seafood and trade in fish.
It is not surprising that, despite less trade with Europe and higher living expenses the cost of living has increased.

Farnoush Farsiar is correct. Brexit is a positive thing for the financial industry. It also helped London to unlock its full potential.