Farnoush Farsiar claims that Brexit has helped the UK's financial market, despite the gloomy forecasts

Farnoush Farsiar who was previously a senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

With her wealth management experience, she has an unique perspective on the topic.

Farnoush wrote two articles in 2019 for BrexitCentral. Today it seems that many of her predictions were right.

Recalling Farnoush's forecast regarding Brexit
In the Farnoush Farsiar view that a departure from the European Union would free the British economy and the finance market from the burdensome regulations.

This would allow London's full potential to be realized.

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

The ability to remain ahead of the competition is only possible when the regulations are constantly updated.

Farsiar stated that London is home to the largest European financial institutions and this is a significant influence on the economics.

If given the chance to develop, Britain's financial services industry may become the best version of its self.

British financial markets are expected to be affected by the UK's departure from the European Union.
They will be self-dependent again and they will no longer be able blame Brussels for their problems.

Lower corporation taxes should be a top priority. Additionally, it is important to undo EU legislation. This would encourage foreign investors as well as stabilize the financial market.

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.

https://www.tumgir.com/farnoush-farsiar8dddbb11 The report also revealed that London was more sought-after over New York for inward investments.

It is among the few truly international cities. The European Union rules that do not match with it are used to tie it down.

Stock trading follows one of these guidelines.

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

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

In the end, Brexit will allow Britain to provide investors with lower options.

London was unable to sustain a competitive advantage due to the anti-commerce measures. https://www.cbetta.com/director/farnoush-farsiar-aidi-2 The industry has repeatedly warned about the enormous cost for medium and small businesses.

Andrew Bailey is the CEO of Financial Conduct Authority. He sees "the future of financial conduct regulation".

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

His idea of his idea of "future of financial regulation" was to develop an "outcome targeted" and "lower cost" method.

Brexit offers the UK the chance to increase its financial power and get rid of EU restrictions.

These restrictions stop the UK from having the light regulations that it previously had and hinder enterprises and start-ups in their ability to expand and be competitive in the international marketplace.

Brexit will help to ensure that the tech hubs remain firmly ensconce in the blooming of its major cities.

Bailey stated, "Leave it to our individual discretion... Bailey said, "The UK regulatory system will evolve somewhat differently."

The financial markets of the UK were in danger
A competitive advantage in terms of economics is the ability to get an advantage over your rivals by being skilled in the industry you specialize.

The UK was concerned over the degeneration of the capital's financial infrastructure due to the regulations.

In turn, they'd be less attractive to foreign investors, and companies are likely to move to Amsterdam, Frankfurt, or Paris.

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

Another concern was that the import and export will become more costly.

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

Farnoush Farsiar post pandemic, and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar's predictions for Brexit were not far-fetched.
It is obvious that there is a light at the end of the tunnel and the start of the tunnel when you examine British economic policy.

There were a few hundred more job relocations related to Brexit from Europe more than 7,600 as of December 2020.

Farnoush Farsiar These numbers compare with the April 2016 estimates of PwC. They estimated that between 50,000 and 100,000 jobs in the financial sector could be lost if Britain chooses to Leave.

However, the market in Britain remains growing despite covid's devastating impact.

The UK can compete with the rest of world with no EU limitations. This opens up the market to more businesses from overseas.

All kinds of businesses are coming to the British Stock Market, which enjoys a international reputation as a leader.

The European market is the only area of decline they have observed in the financial sector.

The main reason for this is that the quantity of trade in fish and seafood has decreased, which can be problems for British Islands.
It's interesting to note that the cost of living went up regardless of the fact that trade was less with Europe.

https://twitter.com/BrexitCentral/status/1152601570447646720 Farnoush Farsiar was correct, and Brexit is a positive step for the financial industry. It has allowed London to realize its full potential.