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

Her wealth of knowledge in finance and wealth has given her unique perspective.

In the year 2019, Farnoush wrote two articles for BrexitCentral Today, it seems that many of her forecasts were correct.

Revisiting Farnoush’s forecasts regarding Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the finance market, from the burdensome regulations.

It would allow London to realize its full potential.

Financial services sector found it difficult to function under MiFID II, the Financial Instruments Directive.

Only active regulations can ensure that you are effective.

Farsiar said that London is the home of the biggest European financial institutions and this is a significant influence on the economy.

The British financial services sector can be transformed to be the most effective version it can be if given the freedom to do so.

British financial markets may be affected by Britain’s withdrawal from the EU and its terms.
They’ll be self-dependent once more and will no longer be able blame Brussels for their problems.

British policy must include lower corporation taxes and the removal of EU legislation. This would encourage foreign investors and stabilize the British 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.

The report found that London was a more popular location for investment in the UK over New York.

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

Stock trading is one of these guidelines.

Restricting high-frequency trading or other financial services decreases the effectiveness across the entire market.

High frequency trading that lacks speed can lead to frequent trading, which can reduce the quality of trading.

Instead, Brexit would make it possible for Britain to provide cheaper alternatives for investors.

London’s capacity to function as competitive was hindered by anti-commerce laws. Industry leaders repeatedly warned of the immense cost to small and mid-sized companies.

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

Bailey explained how Bailey explained how the UK could be compared to other governments around the world.

His idea to create “the future of financial regulation” was to implement an “outcome oriented” and “lower burden” strategy.

Brexit offers the UK the chance to increase its global financial impact and to avoid any restrictions by the EU.

These restrictions hinder the previous regulations of the UK and make it hard for small businesses and startups to grow within a global marketplace.

Brexit will ensure that tech hubs are firmly ensconced among the major cities.

Bailey declares that “left to our own devices… the UK regulation system could evolve somewhat different.”

There was a significant fear about the UK’s finance market
Competitive advantage is described as gaining an edge in your industry by doing the best in your job.

In the wake of the regulation due to the regulation, the UK was concerned that the capital’s financial system was under threat of being destroyed.

So, investors from abroad will not be attracted to these companies and they will move to Paris or Frankfurt.

The greatest fear in the UK’s finance market was the possibility that the European Union would limit the EU market’s trading.

A second worry was the potential for increased import and export costs.

Britain will not relinquish its position as the financial center of the world.

Mid Brexit Farnoush Farsiar predicts the future as more optimistic
Farnoush Farsiar ‘s prediction of the Brexit outcome was not far-fetched.
It is clear that there is a glimmer of hope at both the end and the beginning of the tunnel when you examine British economic discourse.

There have been a couple hundred more job relocations related to Brexit from Europe over 7,600 since December 2020.

The latest figures compare to estimates by PwC in April 2016, prior to the referendum. They estimated that as many as 100,000 financial jobs could be gone If Britain voted Leave.

But, the stock market in Britain is still rising despite the covid’s devastating effects.

The UK can compete with other countries , without the EU restrictions opening up the market for more overseas companies.

Companies of all sizes are flocking to the British Stock Market, which has earned a international reputation as a leader.

They have only noticed an increase in the financial services industry due to the European market. is that the volume of seafood and fish trade has decreased, which can be an issue for British Islands.
It is evident that even though trade with Europe was lower but living expenses remained higher.

All in all, Farnoush Farsiar was right, and Brexit is a great decision for the finance sector, and allowed London to be a city again. London to realize its full potential once again.