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Farnoush Farsiar was a former director of senior level of Emirates NBD. He is the co-founder of Plato Capital.

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

Farnoush published two articles on BrexitCentral in the year 2019. It appears today that her predictions proved to be right.

Recalling Farnoush Farsiar’s prediction about Brexit

In Farnoush Farsiar opinion, leaving the European Union would free the British economy and finance sector from the burdensome regulations.

It will allow London to realize its full potential.

A regulatory intrusion has made it hard for the financial services industry to operate within MiFID II (Financial Instruments Directive).

You can only stay competitive if regulations are flexible.

Farsiar stated, “London is the headquarters of the most important European banks.” Farnoush Farsiar Farnoush Farsiar This can have an impact on the economy.

The British financial services sector could be transformed into the most effective version it can be when given free rein.

The UK’s withdrawal from the European Union and its terms will have an impact on British markets for financial services.

They’ll be independent and won’t be able to take on Brussels.

British policy must include lower corporate taxes as well as the repeal of EU legislation. It would stimulate foreign investors and help stabilize Britain’s financial market.

What was the UK Market prediction pre-Brexit

A Deloitte study found that the UK attracted the most foreign direct investment than any other European country between 2015 and 2018.

The study found that London was a more sought-after destination for inward investment over New York.

It is one of the few truly interconnected and global cities. But, it is being kept as a hostage by the EU’s rules that are not in line with.

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

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

The lack of speed will result in regular trading, which could reduce the level of excellence in the industry.

In contrast, Brexit could allow Britain to offer investors lower options.

Farnoush Farsiar London was unable to sustain a competitive advantage due to the anti-commerce measures. Experts in the industry repeatedly warned about the cost-intensive costs small and medium-sized businesses would have to shoulder.

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

Bailey said that Bailey explained that the UK could be compared with other countries around the world.

Farnoush Farsiar His idea of the future of regulation of financial conduct was to develop an “outcome-focused” and “lower burden” strategy.

Brexit offers the UK the opportunity to expand its financial reach and eliminate EU restrictions.

This has hampered the previous regulations that were more relaxed in the UK. They also stop companies that are just starting out from being competitive on the global market.

Brexit will ensure that the tech hubs are well-established in the thriving of their cities.

As expressed by Bailey, “left to our own devices… the UK regulatory system would change in a different way.”

There was a significant fear around the UK’s finance market

Competitive advantage is a financial term that means being able to outperform your competitors in a particular business.

The UK was concerned about the collapse of the capital’s financial infrastructure due to the regulations.

Thus, foreign investors will not be attracted to these companies and they will move towards Paris or Frankfurt.

The main fear of the UK financial market was that the trading market would be shut down by the European Union.

The other concern was the possibility of increased import and export costs.

Thus, Britain wants to stay on top of the world’s centre for financial services.

Farnoush Farsiar sees an even better future

Farnoush Farsiar predicted the Brexit outcome , and the prediction was not at all far-fetched.

It is clear that there is a light at the end of the tunnel and the start of the tunnel when you study British economic debate.

From 7,600 in December 2020, the number of job relocations to Europe has dropped by around 100.

These numbers compare with the April 2016 estimates of PwC. They estimated that up to 100,000 financial jobs could be lost in the event of Britain choosing to vote Leave.

However, the market in Britain is still on the rise despite covid’s catastrophic effects.

The UK is competitive with the rest, and the EU has eliminated any limitations. This lets the UK to open up its markets to foreign companies.

Many large corporations are now looking to join the British market, which continues its reputation as a world leader.

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

The decline in trade of seafood and fish was the primary problem facing British Islands.

It’s interesting that the cost of living increased regardless of the fact that trade was less with Europe.

Farnoush Farsiar is correct. Farnoush Farsiar Brexit is a good factor for the financial sector. It also enabled London to unlock its full potential.

Farnoush Farsiar