Notes

Farnoush Farsiar claims that Brexit has benefited the financial markets of the UK, despite the gloomy forecasts

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

With her background in finance and wealth management, she has gained an exclusive perspective on the issue.

Farnoush published two articles on BrexitCentral in 2019. It appears today that her predictions proved accurate.

Revisiting the things Farnoush Fassiar had predicted in regards to Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, and the financial market, from burdensome regulations.

It would enable London city to tap its potential to the fullest extent.

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

Only dynamic regulations can guarantee that you're in the game.

Farsiar declared that London as the capital city of Europe's biggest financial institutions, has a significant impact on the economics.

If given the chance to develop, Britain's financial services industry could become the most perfect version of its self.

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

Thus, reducing corporation taxes and repealing EU legislation must be high on the British agenda. This will encourage foreign investment and stabilize the British market.

What was the UK Market forecast 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 revealed that London was a more sought-after location for investment in the UK than New York.

It is one among the few truly interconnected and global cities. However it is being held as a hostage by the EU's rules which do not match.

Stock trading follows one of these guidelines.

Putting the brakes on high-frequency trading and other financial services reduces the efficiency of the whole market.

This is high-frequency trading with a slow rate, and will reduce the quality of the market.

Instead, Brexit would allow Britain to provide lower options for investors.

London could not be competitive with the rest of the world due to anti-commerce policies. Industry officials repeatedly warned of the immense cost to small and mid-sized companies.

Andrew Bailey, the CEO of Financial Conduct Authority, saw "the future in the regulation of financial conduct".

Bailey explained that the UK can be compared to other nations around the world.

His idea for "the next generation of financial regulation" was to implement an "outcome focused" and "lower burden" method.

Brexit could be the opportunity for the UK to amplify its global financial influenceand remove any restrictions from the EU.

These restrictions hinder the previous regulations of the UK and make it difficult for businesses and start-ups to develop on a global scale.

Brexit will aid in ensuring the remaining tech hubs are secure in the blossoming of their major cities.

Bailey declared, "Leave it to our individual discretion... The UK regulatory system is likely to evolve in a different way."

The financial markets of the UK were in danger
Competitive advantage, economically is having an advantage over your rivals by being an expert in your business.

With the regulation weighing down on them as well, people in the UK were concerned the financial infrastructure of the capital was being disassembled.

They would therefore be less attractive to international investors as companies would be forced to relocate 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.

The other worry was the potential for higher import and export costs.

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

Mid Brexit Farnoush Farsiar believes in a more positive future
Farnoush Farsiar predicted the Brexit result and it wasn't at all far-fetched.
It is clear that there is a light at both the end and the start of the tunnel when you examine British economic discourse.

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

These figures are in line with PwC's April 2016 estimates. They predicted that as many as 100,000 jobs in the financial sector could be eliminated in the event that Britain had voted to Leave.

However, the market in Britain is still rising despite the covid's devastating effects.

Without the "EU limitations" the UK competes with the world's largest companies and is open to more foreign companies.

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

The European Market is the only factor that has led to an increase in the market of financial services.

Mainly the trade of seafood and fish decreased, which is a problem for British Islands.
It is important to note that despite the fact that we trade less with Europe the cost per capita did rise.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and enabled London's potential to blossom again.


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