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

Her wealth of experience in wealth and finance has given her an unrivalled perspective.

Farnoush has written 2 articles for BrexitCentral in 2019 and it appears that many of her predictions have been accurate.

Re-visiting Farnoush’s prediction about Brexit
Farnoush Farsiar believes in the opinion that a departure from Europe will allow the British economy to be devoid of any unnecessary rules.

It would allow London’s full potential to be realized.

Financial sector operations , under MiFID II (Financial Instruments Directive), were made difficult because of regulatory intrusion.

Regulations that are dynamic are crucial to staying competitive.

Farsiar said, “London is the headquarters of the most important european financial institutions.” This can have an impact on the economy.

If given the opportunity to expand, Britain’s banking services industry could become the very best version of self.

British market for financial services will be affected by Britain’s withdrawal of the European Union and its conditions.
They’ll become self-sufficient once more, and they won’t be able blame Brussels anymore.

The British should focus on reducing corporate taxes and delaying the repeal of EU legislation. would help foreign investors as well as stabilize British financial markets.

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

Additionally, the report highlighted London outranking New York as the most attractive city to invest in inwards.

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

One of such rules is implemented in the stock market.

Financial services and high-frequency trading could be slowing down, which will impact the overall efficiency of the market.

A high frequency trading system that is not fast enough speed can lead to frequent trading, which can reduce the industry’s excellence.

Instead, Brexit would give Britain less options for investors.

London was unable to maintain its position as a viable competitor because of the anti-commerce rules. Industry officials repeatedly warned of the immense costs to small- and mid-sized companies.

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

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

The idea he had for “the future of financial regulation” was to implement an “outcome oriented” and “lower burden” strategy.

Brexit gives the UK the chance to increase its financial reach as well as eliminate EU restrictions.

This has hampered the UK’s prior lighter regulations. They also hinder startups from expanding and becoming competitive on the global market.

Brexit could be a beneficial step to ensure that the tech hubs remain firmly ensconced within the blooming of its major cities.

Bailey stated Bailey stated that “if we were to do it the way we want to… Bailey stated that the UK regulatory system would evolve somewhat differently.”

There was serious concern over the UK’s finance market
A competitive advantage, in terms of money, is the ability to get an advantage over your competitors through being proficient in your field of expertise.

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

Consequently, they would not be as appealing to international investors and firms 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 import and export will increase in cost.

Britain hopes to become the center of financial services in the world. , post pandemic, and in the middle of Brexit sees a brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
It is clear that there is a light at both the end and the beginning of the tunnel when you examine British economic policy.

The number of job relocations to Europe has declined from 7,600 in December 2020 to only a few hundred.

These latest figures compare to estimates provided by PwC in April 2016, prior to the referendum. They estimated that 100,000 financial jobs might be eliminated If Britain decides to Leave.

Despite the fact that covid has been hitting hard the British stock market is returning to a higher level.

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

Many large companies are now moving towards the British stock exchange, which remains an industry leader.

The only drop they’ve observed in the field of financial services is in the European market.

The British Islands are facing a major problem because of the declining demand for seafood and fish trading.
Although it is important to note that due to the less trade between Europe the cost of living was higher.

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