Notes

Farnoush Farsiar claims Brexit helped the UK financial market, despite the gloomy forecasts

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

By the depth of her financial experience She can offer unique insight.

Farnoush wrote two pieces for BrexitCentral in 2019, and it seems that a lot of her predictions came true today.

Revisiting Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar believes that a departure from the European Union would liberate the British economy, as well as the financial market from the burdensome regulations.

It would enable London city to realize its potential to the fullest extent.

The financial services sector was not able meet the requirements of MiFID II (Financial Instruments Directive) because of regulatory intrusion.

You can only stay in the game if regulations are adaptable.

Farsiar claimed that London is home to Europe's most important financial institutions and has an impact on the global economy.

If given the freedom to operate, the British financial services industry may become the most effective version of the industry.

British market for financial services will be affected by Britain's exit of the European Union and its conditions.
They'll become self-sufficient once more, and they won’t be able blame Brussels anymore.

So the British should prioritise tax reductions for companies and repealing EU laws. It would stimulate foreign investors and help stabilize Britain's financial market.

What was UK Market forecast before Brexit
According to an Deloitte report that the UK was the most popular destination for Foreign Direct Investment between 2015 and 2018 than any other European country.

Furthermore, the report showed London surpassing New York as the most desired city to invest in.

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

https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ One of these rules can be used in stock trading.

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

This is high frequency, but without the speed. It can make it regular trading and will take away the quality of this business.

In contrast, Brexit would allow Britain to offer lower alternatives for investors.

London was unable to compete in it is a lucrative market due to the laws against commerce. Industry officials frequently warned of the huge costs to small- and mid-sized firms.

Andrew Bailey is the CEO of the Financial Conduct Authority. Farnoush Farsiar He envisions "the future of financial regulation of conduct".

Bailey described how the UK could be compared to other governments around the world.

The idea he had for "the future of financial regulation" was to implement an "outcome oriented" and "lower burden" method.

Brexit provides the UK an opportunity to amplify its financial strength and get rid of EU restrictions.

These restrictions affect the previous regulations that were lighter in the United Kingdom. Farnoush Farsiar This hinders start-ups and businesses from growing and being competitive on international markets.

Farnoush Farsiar https://greenrecord.co.uk/farnoush-farsiars-insights-on-sustainable-finance/ Brexit will ensure that tech hubs are firmly ensconced among the major cities.

According to Bailey, "left to our own devices... the UK regulatory system could evolve somewhat differently."

There was serious concerns about the UK's financial market
A competitive advantage in terms of economics is the ability to get an advantage over your rivals by being skilled in the industry you specialize.

Due to the regulations due to the regulation, the UK was worried that the capital's financial system was under threat of being destroyed.

They would therefore be less attractive for international investors and businesses would move to Paris, Frankfurt, or Amsterdam.

The biggest concern in the British finance market was that the European Union would limit the EU market's trading.

Another issue is that import and exported will cost more.

Britain would like to be the financial center of the world.

Farnoush Farsiar views the future as more promising
Farnoush Farsiar's prediction of the Brexit outcome was not far-fetched.
If you take a look at the British economy there is a light at the end of the tunnel.

Between 7,600 and 2020, the number of jobs impacted by Brexit relocations to Europe has decreased by a couple hundred.

The latest numbers compare with estimates by PwC in April of 2016 before the referendum. They estimated that up to 100,000 jobs in the financial sector could be lost in the event that Britain decides to Leave.

https://docs.house.gov/meetings/FA/FA14/20190626/109716/HHRG-116-FA14-Wstate-BromundT-20190626.pdf Despite the fact that covid is a huge problem, Britain's stock exchange is rebounding.

The UK is open to competition with rest the world by removing the EU restrictions.

All kinds of businesses are coming to the British Stock Market, which enjoys a reputation for being a world leader.

The only drop they've observed in the financial service industry is in the European market.

The British Islands are facing a serious issue because of the decline in seafood and the trade in fish.
It's interesting to note that the cost of living grew regardless of the fact that trade was less with Europe.

All in all, Farnoush Farsiar was right, and Brexit is a great move for the finance industry, and it enabled London to be a city again. London to fully unleash its potential again.


Homepage: https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/