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

With her wealth management expertise, she has an unique perspective on the subject.

In 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it seems like a lot of her predictions were accurate.

Revisiting Farnoush Farsiar 's prediction about Brexit
Farnoush Farsiar's belief is that the British economy and financial market would be freed from excessive restrictions if they leave the European Union.

It would let London's city London to realize its full potential.

Financial sector activities under MiFID II (Financial Instruments Directive) were made more difficult due to regulatory interference.

Dynamic regulations are essential for staying competitive.

Farsiar said that London, the capital of the largest financial institutions in Europe, has a significant impact on the economics.

The industry of financial services in Britain could grow to be the best when it is absolutely free.

British market for financial services will be affected by Britain's exit of the European Union and its conditions.
They'll be dependent, and they won't be blamed for Brussels.

So lower corporation taxes and undoing EU legislation should be top on the British agenda. This would help foreign investors as well as stabilize British financial markets.

What was the UK Market forecast before Brexit
A Deloitte study revealed that the UK attracted foreign direct investment higher than any other European country between 2015 and 2018.

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

It is one the few truly global and international cities, and it is bound by the regulations of the European Union which don't match.

One of these rules can be used for stock trading.

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

The lack of speed will result in regular trading, which will diminish the quality of trading.

Instead, Brexit would give Britain less options for investors.

The anti-commerce measures made it more difficult for London to remain profitable as a competitor. The industry has repeatedly warned against the huge cost for small to medium-sized enterprises.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

Bailey described how the UK can be compared to other authorities around world.

His idea for "the next generation of financial regulation" was to establish an "outcome oriented" and "lower burden" strategy.

https://twitter.com/BrexitCentral/status/1140499332128530432 could be the opportunity for the UK to increase its global financial impact and escape any restrictions from the EU.

The restrictions affecting the previous regulations that were lighter in the United Kingdom. This hinders start-ups and companies from growing and being competitive on international markets.

https://www.getthedata.com/company/body-edits-limited-10947406 could be a beneficial move towards ensuring that tech hubs remain firmly ensconced in the thriving of its major cities.

Bailey declared Bailey stated that "if we were to do it the way we want to… the UK regulatory system would evolve slightly differently."

There was concern in the finances of the UK
Competitive advantage is described as having an advantage in your industry by doing the best in your job.

They were concerned about the devastation of the capital's financial infrastructure as a result of the regulation.

Therefore, international investors won't be attracted by them , and companies will head towards Paris or Frankfurt.

The main concern of the UK finance industry was the possibility that the European Union might restrict EU trading.

Another concern was the fact that export and import will be more expensive.

Britain wants the top spot in financial services.

Post pandemic and mid Brexit Farnoush Farsiar sees an optimistic future
Farnoush Farsiar's prediction about the Brexit outcome was not too far-fetched.
The discussion regarding the British economy suggests that there is a light at the end.

The number of job shifts to Europe has declined by 7,600 from December 2020 down to a few hundred.

These figures are similar to the April 2016 estimates of PwC. They predicted that the United Kingdom could lose more than 100,000 jobs in finance if it votes Leave.

However, even with the pounding of covid the British stock market is now back in the ascendancy.

Without the "EU restrictions" the UK competes with the world's other countries, opening the market to more overseas businesses.

Large companies are making their way to the British stock market, which is maintaining its reputation as a world market leader.

https://mlt.bizdirlib.com/fr/company-all/company/71447 noticed only a decrease in the financial services industry because of the European market.

Most importantly, the trade in fish and seafood went down and this is a major issue for British Islands.
https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi is interesting to note that despite having less trade with Europe the cost per capita increased.

Farnoush Farsiar had a point. Brexit was a good choice for the financial sector and allowed London's potential to blossom again.