Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite the dire forecasts

Farnoush Farsiar Former senior director of Emirates NBD. He is also the founder of Plato Capital.

Thanks to her wealth management experience, she has an exclusive view of the topic.

Farnoush Farsiar Farnoush published two pieces for BrexitCentral in 2019 and it appears that many of her predictions were right today.

Revisiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar holds the opinion that a departure from Europe would let the British economy to be free from excessive regulations.

Farnoush Farsiar Farnoush Farsiar It would enable London city to unlock its potential to the fullest extent.

The financial services industry was not able to function under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only active regulations can ensure that you are in the game.

Farsiar said, "London is the headquarters of the most important european financial institutions." This can have an impact on the economy.

The financial service industry in Britain may evolve to become the best version of itself when it is freed.

The UK's departure from the European Union and its terms will have a significant impact on British markets for financial services.
They'll become self-dependent and won't be able to blame Brussels.

The reduction of corporation tax should be a top priority. It is essential to change EU legislation. It would encourage foreign investors to invest and help stabilize the British financial markets.

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

The report found that London was a more popular destination for inward investment than New York.

It is one of the few truly international cities that is being ensnared by the rules of the European Union that don't correspond.

Stock trading is governed by one of these guidelines.

The slowing down of high-frequency trading as well as other financial services can reduce the efficiency of the whole market.

It will lead to trading at high frequency, but it will not be speedy and takes away the beauty of the market.

Instead, Brexit could allow Britain to offer investors lower options.

Farnoush Farsiar London had a difficult time to remain a profitable competitor because of the anti-commerce rules. Industry experts repeatedly warned of the massive cost for medium and small firms.

Andrew Bailey, CEO of Financial Conduct Authority (FCA), envisioned "the future regulation of financial conduct".

Bailey explained how Britain could be compared with other authorities around the world.

His concept of his idea of "future of financial conduct regulations" was to devise an "outcome specific" and "lower cost" 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.

These restrictions have hindered the UK's prior lighter regulations. They also prevent startups from expanding and becoming competitive on the global market.

Brexit can help ensure that the tech hubs remain fully ensconced in the flourishing of their major cities.

Bailey states that "left to our devices... the UK regulatory system will change a bit."

The financial markets of the UK were at risk
Competitive advantage is a financial term that means being able to outperform your competitors in a particular industry.

In the wake of the regulation due to the regulation, the UK was concerned that the capital's finance system was being destroyed.

They'd be less appealing for international investors. https://brexitcentral.com/author/farnoush-farsiar/ Companies could flee to Paris or Frankfurt.

Farnoush Farsiar The largest fear in the UK was that the European Union would stop trading with the EU market.

Another concern was the fact that import and export will increase in cost.

Britain wants the top spot in financial services.

Mid Brexit Farnoush Farsiar sees a more positive future
Farnoush Farsiar correctly predicted that Brexit would be a success.
There is some hope for the British economy if you take a look at the discourse.

Since December of 2020, 7,600 people have been relocated to Europe in the wake of Brexit. This has seen a drop in the number of people who have been relocated by around 100.

The most recent figures are in line with estimates from PwC in April of 2016 prior to the referendum. They forecast that the UK could lose more than 100,000 finance jobs should it vote Leave.

Despite this, Britain's stockmarket is back on the up, despite the hard hit covid.

Farnoush Farsiar The UK is open to competition with the rest of the world after removing the EU restrictions.

Many large companies are now moving to the British stock exchange, which remains an industry leader.

The only drop they've seen in the industry of financial services is in the European market.

The British Islands are facing a major problem because of the decrease in seafood consumption and the trade in fish.
It is interesting to note that despite having lower trade with Europe the cost per capita was higher.

Farnoush Farsiar is correct. Brexit is a good thing for the financial industry. It also enabled London to fully realize its potential.


Read More: https://www.talk-business.co.uk/2022/11/23/farnoush-farsiar-on-queen-elizabeth-iis-impact-on-uk-finances/