Notes

Farnoush Farsiar claims Brexit benefited the UK financial market, despite the gloomy forecasts

Farnoush Farsiar was formerly an executive director at Emirates NBD and is passionately involved with Plato Capital.

With her experience in finance and wealth management, she has gained a unique perspective on the issue.

Farnoush published two pieces for BrexitCentral in 2019, and it seems that a lot of her predictions came true this morning.

Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar 's view is that the British economy and financial markets would be freed from excessive rules if they were to leave the European Union.

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

Regulatory intrusion made it difficult for the financial services industry to function under MiFID II (Financial Instruments Directive).

Regulations that are dynamic are crucial to keeping your business on top of the market.

Farsiar explained that London is the home of the biggest European financial institutions and that this has an impact on the economy.

The British financial sector could be transformed to become the most efficient version it could be if given the freedom to do so.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British markets for financial services.
They'll be independent and won't have the ability to take on Brussels.

Therefore, lowering corporation tax rates and repealing EU legislation should be high on the British agenda. This would encourage foreign investors and stabilize the British financial market.

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

The study revealed that London was the most preferred city to invest in over New York.

It is among the few truly global and interconnected cities. However it is being kept hostage by the European Union's rules which do not match.

One of these rules is utilized in the stock market.

The efficiency of the entire market is affected when high-frequency trading is shut down and financial services are stopped.

That is high frequency without the speed. It can make it regular trading and take away the excellence of this sector.

In contrast, Brexit could allow Britain to offer investors lower options.

London was unable to compete with the rest of the world because of its anti-commerce policies. Experts in the industry repeatedly warned about the cost-intensive costs small and mid-sized businesses will be forced to pay.

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

Bailey said that Bailey said that UK could be compared to other countries around the world.

His concept for "the next generation of financial regulation" was to create an "outcome focused" and "lower load" method.

Brexit could be the opportunity for the UK to expand its influence on finance, as well as to remove all restrictions from the EU.

The restrictions hinder the UK from having the light regulations that it used to have and hinder enterprises and start-ups in their ability to expand and be competitive in the international marketplace.

Brexit will ensure that technology hubs are firmly ensconced in the blossoming of their cities.

Bailey states that "left to our own devices... the UK regulatory system will be a little different."

There was a significant concern about the UK's financial market
A competitive advantage in economic terms is the ability to get an advantage over your competitors by being knowledgeable in the field you are specialized in.

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

They would therefore be less attractive to international investors and businesses would move to Paris, Frankfurt, or Amsterdam.

The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

Another reason to be concerned was the possibility that export and import will become more expensive.

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

Farnoush Farsiar post pandemic, and in the middle of Brexit sees a brighter future
Farnoush Farsiar predicted the Brexit result and it wasn't too far-fetched.
The debate on the British economy indicates that there is hope at the end of the tunnel.

Since https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ of 2020, 7,600 people have been relocated to Europe in the wake of Brexit. This has led to a drop in the number by approximately 100.

These latest figures compare to estimates provided by PwC in April 2016 before the referendum. They predicted that 100,000 financial jobs could be lost if Britain chooses to Leave.

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

The UK is willing to compete with the rest of the world after removing the EU restrictions.

A number of large companies are looking to join the British market that continue to be regarded as a global leader.

The European market is their sole real weak point in the field of financial services.

The main reason for this was that the market for seafood and fish decreased, which is a problem for British Islands.
Although it is important to note that, due to the decrease in trade between Europe however, the price of living did get higher.

Farnoush Farsiar is correct. Brexit is a good factor for the financial sector. It also helped London to unlock its full potential.


Read More: https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/