Notes

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

Farnoush Farsiar was formerly the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

With the depth of her financial experience , she is able to offer unique insight.

Farnoush published two articles on BrexitCentral in the year 2019. It appears today that her predictions proved right.

Re-visiting Farnoush's prediction about Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the finance market, from the burdensome regulations.

It will enable London to fully realize its potential.

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

Regulations that are dynamic are crucial to being in the game.

Farsiar stated that London is the home of the largest financial institutions in Europe and this is a significant influence on the economics.

Farnoush Farsiar https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ The financial service industry in Britain could evolve to be the best version when it is freed.

British market for financial services will be affected by Britain's withdrawal from the European Union and its conditions.
They will be again self-dependent, and they will not blame Brussels.

The British should prioritise reducing corporation tax rates and repealing EU legislation. It would stimulate foreign investors and stabilize Britain's financial market.

What was the UK Market forecast before Brexit
A Deloitte study revealed that the UK attracted the most foreign direct investment than any other European country between the years 2015 to 2018.

The report found that London was the most popular location for investment in the UK over New York.

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

The stock market is subject to one of these guidelines.

Farnoush Farsiar The stoppage of high-frequency trading and other financial services can reduce efficiency across the whole market.

That is high frequency without the speed. It will make it regular trading and take away the excellence of this industry.

Farnoush Farsiar Instead, Brexit could allow Britain to provide investors with lower options.

The anti-commerce laws caused it to be difficult for London to remain profitable as a rival. Industry leaders frequently warned of the huge cost to small and mid-sized businesses.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

Bailey explained how the UK could be compared to other international authorities.

His vision for the future of regulation of financial conduct was to devise an "outcome-focused" approach, as well as a "lower burden" strategy.

Brexit is the UK's opportunity to boost the impact of its global financial impacts and to avoid any restrictions by the EU.

The restrictions hinder the UK from having the lenient regulations it had previously and hinder enterprises and start-ups in their ability to expand and compete on the international marketplace.

Brexit will ensure that tech hubs are firmly ensconced within the flourishing of their major cities.

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

There was serious worry about the UK's financial market
Competitive advantage, economically means having an advantage over your rivals through being an expert in your business.

Due to the regulation's weight, the UK was concerned about the demise of the capital's financial infrastructure.

Therefore, international investors won't be attracted by them and businesses will flee towards Paris or Frankfurt.

The most feared thing about the British finance market was the possibility that the European Union would limit the EU market's trading.

Another issue was that export and import will be more expensive.

So, 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 it was not too far-fetched.
The debate regarding the British economy shows that there is light at the end.

Since December, 7,600 people were moved to Europe in the wake of Brexit. This has led to a drop in the number by approximately 100.

These numbers are comparable to PwC estimates from April 2016, just prior to the referendum. They predicted that as many as 100,000 financial jobs would be eliminated If Britain had voted to Leave.

However, the stock market in Britain is still growing despite covid's devastating effects.

Farnoush Farsiar With no "EU restrictions" the UK competes with the rest of the world which opens the market to more foreign businesses.

Companies of all sizes are attracted to the British Stock Market, which has earned a international reputation as a leader.

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

Mainly the trade of seafood and fish was reduced and this is a major issue for British Islands.
It is interesting to note that due to the less trade with Europe however, the price of living actually went higher.

Farnoush Farsiar is correct. Brexit is a good thing for the financial sector. It also allowed London to realize its full potential.


My Website: https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/