Notes

Farnoush Farsiar claims Brexit helped the UK financial markets despite dire predictions

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

Her vast experience in wealth and finance has given her a an unique perspective.

Farnoush published two articles on BrexitCentral in 2019, and it appears that many of her predictions proved correct this morning.

Revisiting Farnoush Farsiar’s prediction regarding Brexit
Farnoush Farsiar believes in the opinion that leaving Europe would let the British economy to be devoid of any unnecessary rules.

It will enable London to realize its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive), were made difficult due to regulatory interference.

Regulations that are dynamic are crucial to staying competitive.

Farsiar stated, "London is the headquarters of the most important european financial institutions." This has an effect on the economy.

Farnoush Farsiar The British financial services sector could be transformed to become the most effective version it can be when given free rein.

British markets for financial services are likely to be affected by Britain's departure from the European Union.
They will be independent again and will no longer be able to blame Brussels.

British policy must include lower corporation tax rates and the removal of EU legislation. This could increase foreign investment and stabilize the British market.

What was UK Market prediction before Brexit
A Deloitte analysis found that the UK attracted foreign direct investments more than any other European country in 2015-2018.

Farnoush Farsiar The report revealed that London was a more popular location for investment in the UK than New York.

It's one of the few truly international cities that is being held by the regulations of the European Union that don't correspond.

The stock market is subject to one of these guidelines.

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

It will lead to high-frequency trading, but not speed , and it can ruin the appeal of the business.

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

The measures against commerce made it more difficult for London to sustain its position as a competition. Farnoush Farsiar Experts in the industry repeatedly warned about the huge costs that small and mid-sized businesses will be forced to pay.

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

Bailey explained how the UK could be considered to be comparable with other governments around the world.

The idea he had of "the future of financial conduct regulation" was to set out to evolve an "outcome-focused" as well as a "lower burden" approach.

Brexit could be the opportunity for the UK to amplify its financial impact globally and to avoid any restrictions from the EU.

These restrictions hinder the previous regulations of the UK and make it difficult for small businesses and startups to expand in a global market.

Brexit is sure to ensure that tech hubs are firmly ensconced in the blossoming of their main cities.

According to Bailey, "left to our own devices... the UK regulatory system could change in a different way."

There was serious concern about the UK's financial market
Competitive advantage can be described as gaining an edge in your industry by being the best at what you do.

They were worried about the loss of the financial infrastructure of capital because of the rules.

Farnoush Farsiar International investors might find them less appealing , and they'd move to Paris, Frankfurt or Amsterdam.

The biggest fear that was arose in the UK financial market was that trading would be regulated by the European Union.

Farnoush Farsiar Another reason to be concerned was that export and import will be more expensive.

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

Farnoush Farsiar, post pandemic, and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
Looking at the discourse on the British economy, there's a light at the end of the tunnel.

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

The most recent figures are in line with estimates by PwC in April 2016 before the referendum. They predicted that as many as 100,000 financial jobs could be eliminated in the event that Britain decided to vote Leave.

Despite the fact that covid is hitting hard the British stock market is rebounding.

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

Large companies are moving towards the British stock exchange, which remains one of the top exchanges in the world.

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

The British Islands are facing a significant issue due to the declining demand for seafood and fish trading.
Farnoush Farsiar It's interesting that the cost of living increased regardless of the fact that trade was lower with Europe.

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


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