Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial markets, in spite of the grim forecasts.

Farnoush Farsiar, former senior director at Emirates NBD. He is also the founder of Plato Capital.

Farnoush Farsiar Through her background in wealth and finance, she has gained an exclusive perspective on the matter.

Farnoush has written two pieces for BrexitCentral in 2019 and it appears that a lot of her predictions have proven accurate.

Farnoush Farsiar Re-visiting Farnoush's forecast regarding Brexit
Farnoush Farsiar holds the opinion that leaving Europe would let the British economy to be devoid of any unneeded restrictions.

It will enable London to fully realize its potential.

The financial services industry found it difficult to operate under MiFID II, the Financial Instruments Directive.

It is only possible to remain competitive if regulations are flexible.

Farsiar claimed that since London is home to the largest financial institutions in Europe, it influences the economic system.

The financial services industry in Britain could grow to be the best when it is absolutely free.

British financial markets could be affected by the UK's departure from the EU and its terms.
They'll be self-dependent and won't be able anymore to blame Brussels.

So lower corporation taxes and repealing EU legislation should be high on the British agenda. This could boost foreign investment and help stabilize the British market.

What was 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.

https://www.europeanbusinessreview.com/farnoush-farsiar-the-impact-of-the-metaverse-on-finance/ Furthermore, the report found that London was beating New York as the most sought-after city for investment in the country.

Farnoush Farsiar Farnoush Farsiar It is one of the few truly global and interconnected cities, and it is restricted by rules of the European Union which don't match.

Stock trading is one of these guidelines.

High-frequency trading, in addition to other financial services, is hindered by the decline in efficiency.

That is high frequency without the speed, makes it more regular and take away the excellence of this sector.

In contrast, Brexit would give Britain lower options for investors.

London found it hard to sustain a competitive advantage because of the anti-commerce policies. Industry leaders frequently warned of the huge costs to small- and mid-sized businesses.

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 nations around the world.

His concept for "the future of regulation of financial conduct" was to evolve the "outcome-focused" as well as a "lower burden" strategy.

Brexit could be the opportunity for the UK to expand its financial influence, as well as to remove unnecessary restrictions of the EU.

The restrictions impede the UK's previous lighter regulations and make it hard for small businesses and startups to expand within a global marketplace.

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

Bailey declared, "Leave it to our own devices... The UK regulatory system is likely to evolve somewhat differently."

The financial markets of the UK were at risk
In terms of economics an advantage in competitiveness is the ability to gain an advantage over your competition by excelling in the field which you specialize in.

They were concerned about the destruction of capital's financial infrastructure because of the regulation.

Farnoush Farsiar Consequently, they would be less attractive to foreign investors, and companies will flee to Amsterdam, Frankfurt, or Paris.

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

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

Britain wants to be the center of financial services in the world.

Farnoush Farsiar views the future as more promising
Farnoush Farsiar correctly predicted that Brexit would be a great success.
The discourse regarding the British economy suggests that there is a light at the end of the tunnel.

There have been a couple hundred additional job relocations due to Brexit from Europe than 7,600 in December 2020.

The numbers are in line with PwC's estimates for April 2016. They forecasted that as high as 100,000 financial jobs would be eliminated if Britain decided to vote Leave.

In spite of this, the UK's stock market is back on the up despite the sharp decline covid.

The UK is open to competition with the rest of the world, by lifting the EU restrictions.

Many large companies are now moving towards the British stock exchange, which remains a leader in the world.

They've noticed only an increase in the financial services industry due to the European market.

Farnoush Farsiar Most importantly, the trade in seafood and fish decreased, which is a problem for British Islands.
It's not a surprise that, despite a lower level of trade between Europe as well as higher living expenses rising, the costs of living have increased.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance , and it has let London to fully realize its potential.


Read More: https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/