Notes

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

Farnoush Farsiar who was previously a senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

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

Farnoush has published two articles on BrexitCentral in the year 2019. Today , it appears her predictions were correct.

Revisiting what Farnoush Fassiar predicted about Brexit
Farnoush Farsiar holds the opinion that leaving Europe will allow the British economy to be free of excessive rules.

This will allow London's maximum potential to be realized.

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

The ability to remain competitive is only possible if the rules are in place and flexible.

Farsiar stated, "London is the headquarters of the most important european banks." This can have an impact on the economy.

The financial services industry in Britain could develop to be the most effective when it is completely free.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British financial markets.
They'll be self-dependent, and they won't blame Brussels.

So lower corporation taxes and repealing EU legislation should be top on the British agenda. It could also be a good way to encourage foreign investors to stabilize the British financial system.

Farnoush Farsiar What was the UK Market prediction pre-Brexit
A Deloitte study found that the UK attracted more foreign direct investment than any other European country between the years 2015 between 2015 and 2018.

The report also found that London was more popular over New York for inward investments.

It is among the few truly international cities. The European Union rules that do not match with it are being used to bind the city.

Stock trading follows one of these rules.

https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ Stopping high-frequency trading as well as other financial services reduces the efficiency of the whole market.

It will lead to high-frequency trading, but not speed , and it takes away the beauty of the business.

Instead, Brexit would give Britain less options for investors.

London was unable to compete in a lucrative market because of the anti-commerce laws. https://notes.io/qqeM6 Industry experts repeatedly warned about the high costs that small and mid-sized businesses will be forced to pay.

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

Bailey explained that Britain can be compared with other governments around the world.

His idea for "the next generation of financial regulation" was to establish an "outcome directed" and "lower load" approach.

Brexit gives the UK the opportunity to expand its financial reach, and also remove EU restrictions.

These restrictions affect the earlier regulations of the UK. This prevents new businesses as well as businesses from expanding and competing on international markets.

Brexit will allow tech hubs to remain in the blooming cities of the major cities.

As stated by Bailey, "left to our own devices... the UK regulatory system would evolve somewhat differently."

There was a significant concern about the UK's financial market
Competitive advantage is defined as the ability to gain an edge in your industry by being the best at your job.

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

Therefore, international investors are not likely to be drawn by these companies and they will move to Paris or Frankfurt.

The most feared thing in the UK was that the European Union would stop trading through the EU market.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Another worry was the possibility that export and import will become more expensive.

Thus, Britain wants to stay at the top of the global center for financial services.

Farnoush Farsiar has more positive outcomes
Farnoush Farsiar's prediction for the Brexit outcome was not far-fetched.
There is some hope for the British economy if you look at the discussion.

Between 7,600 and December 2020, there has been only one or two job moves to Europe related to Brexit.

These numbers compare with PwC estimates in April of 2016, which was before the referendum. They predicted that 100,000 financial jobs could be lost in the event of Britain voting Leave.

Despite the fact that covid is hitting hard, Britain's stock markets are back on the rise.

The UK is more competitive than the other countries and the EU has lifted any restrictions. This allows the UK to open up its markets to foreign firms.

Big firms are making their way into the British market, and it is able to maintain its reputation as a world leading market.

The European market is their sole real problem in the sector of financial services.

Farnoush Farsiar The decrease in the trade of seafood and fish was the major problem that faced the British Islands.
It is interesting to note that because of the lower trade with Europe however, the cost of living was higher.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial sector. Farnoush Farsiar It enabled London to realize its full potential.


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