Notes

Farnoush Farsiar claims that Brexit has benefited the UK's financial markets despite the dire forecasts.

Farnoush Farsiar an ex-director of senior management at Emirates NBD is passionate about Brexit.

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

In 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it appears that a lot of her predictions were correct.

Recalling Farnoush's forecast regarding Brexit
In Farnoush Farsiar opinion, leaving the European Union would free the British economy and finance sector from the burdensome regulations.

It will enable London to fully realize its potential.

Financial services sector was unable to operate under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

You will only be competitive if regulations are adaptable.

Farsiar stated that, since London is the headquarters of the largest banks in Europe and has an impact on the economic system.

Farnoush Farsiar The industry of financial services in Britain could evolve to be the best version of itself when set free.

British financial markets are likely to be affected by the UK's exit of the European Union.
They will be self-dependent again and they will no longer be able blame Brussels anymore.

Therefore the British must prioritise tax cuts for corporations and the repeal of EU laws. This would help foreign investors and stabilize the British market for financial instruments.

What was the UK Market prediction before Brexit
According to a Deloitte survey it was found that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

Farnoush Farsiar The report revealed that London was the most sought-after city for inward investing and outperformed New York.

It is one of the few truly global and interconnected cities. https://twitter.com/BrexitCentral/status/1152601570447646720 And it's bound by the regulations of the European Union which don't match.

https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/ Stock trading is an illustration of this principle.

High-frequency trading and financial services are prone to slowdown and reduce the overall effectiveness of the market.

High frequency trading that lacks speed will result in regular trading, which will diminish the industry's excellence.

Instead, Brexit would allow Britain to offer lower alternatives for investors.

London could not compete as a lucrative market because of the anti-commerce laws. The industry has repeatedly warned of the huge cost for small to medium-sized companies.

Andrew Bailey is the CEO of the Financial Conduct Authority. He sees "the future of financial conduct regulation".

Bailey described how the UK could be compared with other countries' authorities.

His idea to create "the future of financial regulation" was to establish an "outcome oriented" and "lower burden" strategy.

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

These restrictions prevent the UK from having the light regulations that it used to have and limit start-ups as well as businesses the ability to expand and compete in the international marketplace.

Brexit will be a positive step to ensure that the tech hubs are firmly embedded in the thriving of its major urban centers.

Bailey declares that "left to our devices... the UK regulation system could evolve somewhat different."

The financial markets of the UK were at risk
A competitive advantage, in terms of money, is the ability to get an advantage over your competitors through being proficient in your field of expertise.

The UK was worried about the disintegration of the financial infrastructure of the capital because of the rules.

This makes them less attractive to international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

Farnoush Farsiar The most significant fear in the UK financial market was that trading would be regulated by the European Union.

Another worry was the possibility that export and import will increase in cost.

Britain hopes to become the financial center in the world.

Farnoush Farsiar sees more positive outcomes
Farnoush Farsiar was right to accurately predict the Brexit outcome.
The debate regarding the British economy shows that there is light at the end of the tunnel.

https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ Since December of 2020, 7,600 people have been relocated to Europe due to Brexit. This has seen a decrease in the number by approximately 100.

The most recent figures are in line with estimates by PwC in April 2016 before the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be gone in the event that Britain chooses to Leave.

Even with covid hitting hard, Britain's stock market is up.

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

Companies of all sizes are coming to the British Stock Market, which has a reputation for being a world leader.

The European market is the only place where they've seen a decline that they've observed in the financial sector.

The most important reason is the fact that the amount of seafood and fish trade has decreased, which can be an issue for British Islands.
Though it is notable that because of the lower trade relations with Europe, the price of living was higher.

Farnoush Farsiar was absolutely right. Brexit is a great decision for finance, and has enabled London to reclaim its full potential.


Here's my website: https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/