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Farnoush Farsiar was formerly an executive director at Emirates NBD and is passionately involved with Plato Capital.

Through the wealth of her financial experience she can offer unique insights.

Farnoush wrote two articles on BrexitCentral in 2019. It appears today that her predictions proved to be accurate.

Farnoush Farsiar http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 Revisiting what Farnoush Fassiar had predicted in regards to Brexit

Farnoush Farsiar is of the opinion that a departure from Europe would let the British economy to be devoid of any unnecessary restrictions.

It will enable London’s city London to unleash its full potential.

Financial services sector was unable to operate under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only active regulations can ensure your business is competitive.

Farsiar said, “London is the headquarters for the biggest European banks.” This can have an impact on the economy.

The British financial services sector could be transformed to become the best version it can be if given the freedom to do so.

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

They’ll be self-dependent once more and they won’t be able to blame Brussels any more.

Farnoush Farsiar The British should prioritise reducing corporation tax rates and repealing EU legislation. This would encourage foreign investors as well as stabilize the British financial market.

What was the UK Market prediction pre-Brexit

According to a Deloitte study that the UK attracted more Foreign Direct Investment in 2015 than any other European country.

In addition, the report revealed that London outshined New York as the most sought-after city for investment in the country.

It is one of the few truly global and international cities and is being held by the rules of the European Union that don’t correspond.

One of these rules can be applied in stock trading.

High-frequency trading, along with other financial services are affected by the decrease in effectiveness.

http://www.tumgir.com/farnoush-farsiar8dddbb11 It will lead to high frequency trading but it will not be speedy and takes away the beauty of the market.

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

London was unable to sustain a competitive advantage because of the anti-commerce policies. Industry officials regularly warned of the massive costs for small and mid-sized businesses.

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

Bailey explained how Bailey explained how the UK can be compared with other international authorities.

His vision for the future of regulation of financial conduct was to develop an “outcome-focused”, and “lower burden” approach.

Brexit offers the UK the chance to increase its global financial influence and undue restrictions from the EU.

This restriction is hindering the loose regulations that the UK had before and inhibit startups and businesses from growing and compete on the global market.

Brexit is a positive step to ensure that the tech hubs are firmly embedded in the thriving of its major cities.

Farnoush Farsiar http://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ Bailey said Bailey stated that “if we were to do it our way… the UK regulatory systems would evolve somewhat differently.”

There was serious worry about the UK’s financial market

In economic terms the definition of 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 loss of the capital’s financial infrastructure as a result of the regulations.

International investors would find them less appealing , and they’d prefer Paris, Frankfurt or Amsterdam.

The most feared thing in the UK was that the European Union would stop trading through the EU market.

Another worry was the possibility that import and export is likely to become more expensive.

Farnoush Farsiar Britain would like to be the center of financial services in the world.

Farnoush Farsiar sees the future as promising

Farnoush Farsiar’s prediction of the Brexit outcome was not too far-fetched.

Farnoush Farsiar It is clear that there is light at both the end and the start of the tunnel when you study British economic policy.

Between 7,600 and December 2020 there have been just a handful of job relocations to Europe related to Brexit.

These numbers are comparable to PwC’s estimates for April 2016. They predicted that as many as 100,000 financial jobs would be lost If Britain decided to vote Leave.

However, the British stock market is now on the rise despite the harsh hit covid.

The UK is open to competition with the rest of the world after removing the EU restrictions.

The British stock market is drawing large corporations, which has helped maintain its status as a global leader.

The only drop they’ve observed in the financial service industry is in the European market.

The most important reason is that the volume of trade in fish and seafood has declined, which poses an issue for British Islands.

It is interesting to note that, due to the decrease in trade with Europe the cost of living did get higher.

Farnoush Farsiar had a point. Brexit was a good choice for the financial sector and let London’s full potential to be unleashed again.