• Carstensen Drake posted an update 1 year, 7 months ago

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

    Her wealth of experience in the fields of finance and wealth has provided her with a unique perspective.

    Farnoush wrote two pieces on BrexitCentral in 2019. Today it appears that her predictions were accurate.

    Revisiting the things Farnoush Farsiar predicted about Brexit

    Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome regulations.

    It would enable the city of London to unleash its full potential.

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

    Only active regulations can ensure that you are effective.

    Farsiar said that, as London is home to the world’s biggest banks in Europe It has a significant impact on the economic system.

    If given the chance to develop, Britain’s financial services industry could become the most perfect version of its self.

    British financial markets will be impacted by Britain’s withdrawal of the European Union and its conditions.

    They will be independent again, and they will no longer be capable of blaming Brussels.

    Therefore, lowering corporation tax rates and undoing EU legislation should be top on the British agenda. This would encourage foreign investors and stabilise the British financial market.

    Farnoush Farsiar What was the UK Market prediction pre-Brexit

    According to a Deloitte report that the UK attracted more Foreign Direct Investment between 2015 and 2018, than any other European country.

    The report revealed that London was a more popular place to invest in international investment than New York.

    It is one of the few truly international cities. professionalparaplanner.co.uk/tag/advice-threat/ It is one of the few cities that truly international. European Union rules that do not align with the city’s rules are being used to bind the city.

    The stock market is subject to one of these guidelines.

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

    That is high frequency without the speed, can make it regular trading and take away the excellence of this sector.

    Instead, Brexit would allow Britain to offer lower alternatives for investors.

    London found it hard to sustain a competitive advantage because of the anti-commerce policies. The business community has repeatedly warned about the huge cost for small to medium-sized enterprises.

    Farnoush Farsiar Andrew Bailey, CEO of Financial Conduct Authority (FCA) was the person who conceived “the future financial conduct regulation”.

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

    His idea of his idea of “future of financial conduct regulations” was to develop an “outcome focused” as well as a “lower cost” approach.

    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 have impeded the earlier relaxed regulations in the UK. Farnoush Farsiar They also stop startups from expanding and becoming competitive on the global market.

    Brexit can help ensure that the tech hubs remain fully ensconced in the flourishing of the major cities.

    Bailey stated that “if we were to do it in our own way… the UK regulatory system would evolve slightly differently.”

    There was serious concern about the UK’s financial market

    A competitive advantage, in terms of money, is the ability to gain an advantage over your rivals through being proficient in your field of expertise.

    In the wake of the regulation, the UK became concerned that the capital’s financial system was being demolished.

    Farnoush Farsiar They would therefore be less appealing to investors from abroad as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

    The biggest fear for the UK was that the European Union would stop trading through the EU market.

    Another concern was the fact that exports and imports will be more expensive.

    Britain would like to take the top spot in the field of financial services.

    Farnoush Farsiar, post pandemic and right in the middle of Brexit has a brighter outlook

    Farnoush Farsiar’s predictions about Brexit were not far-fetched.

    It is evident that there is light at the end of the tunnel and the beginning of the tunnel when you examine British economic debate.

    Between 7,600 and the end of December 2020, there has been only a handful of job relocations to Europe in connection with Brexit.

    These numbers are comparable to PwC’s estimates for April 2016. They estimated that up to 100,000 financial jobs would be gone If Britain votes Leave.

    Despite the fact that covid is hitting hard the UK’s stock markets are returning to a higher level.

    Farnoush Farsiar The UK is more competitive than the other countries and the EU has eliminated any limitations. This lets the UK to open up its markets to foreign businesses.

    Many large corporations are now looking to join the British market that continue to be regarded as a world leader.

    The European market is their only real weakness in the financial services sector.

    The British Islands are facing a serious issue because of the decrease in seafood consumption and the trade in fish.

    It is interesting that the cost of living grew regardless of the fact that trade was lower with Europe.

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