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Farnoush Farsiar was previously the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

Thanks to her wealth management expertise, she has a unique view of the matter.

In 2019, Farnoush penned two articles for BrexitCentral and, as of today, it seems like a lot of her predictions were correct.

Reexamining Farnoush Farsiar 's predictions about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market from burdensome regulations.

It will allow London to realize its full potential.

Financial sector activities under MiFID II (Financial Instruments Directive) were made challenging by regulatory intrusion.

Dynamic regulations are essential for staying in the game.

https://twitter.com/BrexitCentral/status/1140499332128530432 claimed that London is the home of Europe's most important financial institutions and has an effect on the economy.

If given the freedom to develop, Britain's financial services industry could become the very best version of self.

The UK's departure from the European Union and its terms will have a major impact on British financial markets.
They'll become self-sufficient once more and won't be able to blame Brussels anymore.

The British should prioritise reducing corporation tax rates and repealing EU legislation. It could also be a good way to encourage foreign investors to help stabilize the British financial system.

What was the UK Market prediction pre-Brexit
According to an Deloitte Report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018, than any other European country.

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

It's one of the few truly international and global cities, and is being chained down by the rules of the European Union that don't correspond.

One of these rules is applied for stock trading.

High-frequency trading, as well as other financial services are affected by the decrease in the efficiency.

This is high-frequency trading that is slow which will lower the quality of the market.

Instead, Brexit would make it possible for Britain to offer lower alternatives to investors.

London was unable to compete in an enticing market due to the anti-commerce laws. The industry warned repeatedly about the enormous cost for medium and small firms.

http://companycheck.co.uk/company/10947406/BODY-EDITS-LIMITED (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

https://www.platocapital.com/our-people said that Bailey said that UK could be compared with other countries around the world.

The idea behind the "future of financial conduct regulations" was to create an "outcome targeted" as well as a "lower cost" approach.

Brexit provides the UK the opportunity to expand its financial reach, and also eliminate EU restrictions.

These restrictions impact the earlier regulations of the UK. This prevents new businesses and companies from expanding and competing on international markets.

Brexit can help ensure the tech hubs the remaining secure in the blossoming of their major cities.

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

There was a significant fear around the UK's finance market
Competitive advantage, as in terms of economics, is having an edge over your competition through having a strong understanding of your industry.

The UK was worried about the disintegration of the financial infrastructure of the capital due to the new regulations.

They would therefore be less appealing to investors from abroad as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

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

Britain would like to take the top spot in financial services.

Farnoush Farsiar sees more positive results
Farnoush Farsiar 's prediction about the Brexit outcome was not far-fetched.
If you examine the British economy discourse there is a light at end of the tunnel.

Between 7,600 and 2020, the number of Brexit-related job shifts to Europe has dropped by around 100.

The latest figures are in line with estimates made by PwC in April of 2016 before the referendum. They estimated that up to 100,000 financial jobs could be lost in the event of Britain voting Leave.

Despite the fact that covid is having a hard time the British stock market is returning to a higher level.

The UK is able to compete with other countries , without the EU restrictions opening up the market to more foreign companies.

Many large corporations are now considering joining the British stock market and continue its status as a world-leader.

The European Market is the only factor that has led to a decline in the industry of financial services.

The British Islands are facing a significant issue due to the declining demand for seafood and trade in fish.
It's not a surprise that, despite a lower level of trade between Europe as well as higher living expenses, these costs have risen.

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