Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector despite dire predictions

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

She is unique in her insight due to her financial and wealth management experiences.

Farnoush wrote two pieces in the year 2019 for BrexitCentral. Today it appears that a lot of her predictions were accurate.

Revisiting the things Farnoush Fassiar had predicted in regards to Brexit
Farnoush Farsiar's opinion is that the British economy and the financial market would be freed from excessive rules if they were to leave the European Union.

It will allow London to fully realize its potential.

Regulatory intrusion made it difficult for the financial services industry to function under MiFID II (Financial Instruments Directive).

Only active regulations can ensure that you're in the game.

Farsiar said that London is the home of Europe's most important financial institutions and has a huge effect on the economy.

The financial service industry in Britain may evolve to become the most efficient version of itself when set free.

British financial markets are likely to be affected by the UK's withdrawal from the European Union.
Farnoush Farsiar They will be self-dependent again and will not be able to blame Brussels for their problems.

So it is imperative that the British must prioritise tax cuts for companies and the repeal of EU laws. This would 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 the highest amount of Foreign Direct Investment between 2015 and 2018, than any other European country.

The report revealed that London was the top city for inward investing over New York.

It is one of few truly international cities. The European Union rules that do not align with the city's rules are used to tie the city.

One of these rules can be utilized in stock trading.

High-frequency trading, in addition to other financial services are affected by the decrease in the efficiency.

This is high frequency, but without the speed. It makes it more regular and take away the excellence of this industry.

Instead, Brexit could allow Britain offer lower alternatives for investors.

London was unable to maintain its position as a viable competitor because of the anti-commerce policies. Experts in the industry repeatedly warned about the huge costs that small and mid-sized businesses will have to shoulder.

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

Farnoush Farsiar Bailey explained that Bailey explained that the UK can be compared to other nations around the world.

His idea of "the future regulation of financial conduct" was that he would come up with an "outcome-focused” and "lower-burden" method of regulation.

Brexit could be the opportunity for the UK to amplify its global financial influence, as well as to remove unnecessary limitations from the EU.

These restrictions stop the UK from having the light regulations that it previously had and hamper start-ups and businesses' ability to grow and compete in the international market.

Brexit is sure to ensure that tech hubs are securely entangled within the flourishing of their major cities.

Bailey stated, "Leave it to our own devices... Bailey said, "The UK regulatory system will evolve slightly differently."

There was serious fear about the UK’s finance market
In economic terms the definition of competitive advantage is having an edge over your competitors by being excellent at the business which you specialize in.

Because of the regulations' weight Due to the regulation's weight, the UK worried about the loss of capital’s financial infrastructure.

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

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

Another concern was that import and export will become more expensive.

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

Farnoush Farsiar views the future as more exciting
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not at all far-fetched.
It is obvious that there is a light at the end of the tunnel and the start of the tunnel when you look at British economic debate.

https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ There have been a couple hundred additional job relocations due to Brexit from Europe more than 7,600 as of December 2020.

The latest figures compare to estimates made by PwC in April of 2016 prior to the referendum. They predicted that as many as 100,000 financial jobs could be eliminated in the event that Britain voted Leave.

Despite the fact that covid is having a hard time, Britain's stock markets are returning to a higher level.

The UK is more competitive than the other countries, and the EU has lifted any restrictions. This lets the UK to open up its market to more foreign companies.

Farnoush Farsiar Farnoush Farsiar Many big corporations are considering joining the British stock market that continue to be regarded as a global leader.

They've noticed only a decline in the financial services industry because of the European market.

The main reason for this is the fact that the amount of trade in fish and seafood has decreased, which is a problem to British Islands.
Farnoush Farsiar It's not surprising that, despite lower trade with Europe as well as higher living expenses, these costs have risen.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial sector. It enabled London to fully realize its potential.


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