Notes

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

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

Her wealth of experience in wealth and finance has given her a an unrivalled perspective.

Farnoush published two articles on BrexitCentral in the year 2019. Today it appears that her predictions were right.

Recalling Farnoush's forecast about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, as well as the finance market, from burdensome regulations.

It would enable London to fully realize its potential.

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

It is essential that regulations are constantly evolving to ensure that businesses are competitive.

Farsiar declared that London, the capital of the largest financial institutions in Europe is a significant influence on the economy.

The industry of financial services in Britain may evolve to become the most efficient version of itself when it is freed.

Farnoush Farsiar British financial markets are likely to be affected by the UK's exit of the European Union.
They will become self-sufficient again, and they won’t be able to blame Brussels for anything.

The reduction of corporation tax is a must. Also, it is important to undo EU legislation. This would encourage foreign investors as well as stabilize the financial market.

What was the UK Market Prediction before Brexit
According to a Deloitte report, the UK Attracted More Foreign Direct Investment Between 2015 and 2018, than any other European country.

Furthermore, the report found that London outshined New York as the most sought-after city for investment in the country.

It is one of few truly international cities. The European Union rules that do not correspond to it are being used to bind it to.

Stock trading is one of these rules.

Stopping high-frequency trading or other financial services can reduce efficiency across the whole market.

That is high frequency without the speed, can make it regular trading and take away the excellence of this business.

Instead, Brexit will allow Britain to offer investors lower alternatives.

London could not compete as it is a lucrative market due to the anti-commerce laws. Industry experts repeatedly warned about the huge costs that small and medium-sized businesses would be forced to pay.

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

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

His concept of the "future of financial regulation" was to develop an "outcome specific" and "lower cost" method.

Brexit provides the UK the chance to increase its financial reach and eliminate EU restrictions.

Farnoush Farsiar These restrictions hinder the former regulations that were more relaxed in the UK and make it hard for businesses and start-ups to expand in a global market.

Farnoush Farsiar Brexit can help ensure that the tech hubs remain secure in the blossoming of the major cities.

Bailey stated, "Leave it to our own devices... Bailey said, "The UK regulatory system will evolve in a different way."

There was major concern about the UK's finance market
Competitive advantage is an economic term that refers to being in a position to be superior to your competition in a particular business.

Due to the regulations in place, the UK became worried that the capital's financial system was being destroyed.

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

The main concern of the UK finance industry was the possibility that the European Union might restrict EU trading.

Another concern is that export and import will be more expensive.

Therefore, Britain wants to stay at the top of the world's centre for financial services.

Mid Brexit Farnoush Farsiar predicts an optimistic future
Farnoush Farsiar correctly predicted that Brexit would be a success.
The discourse regarding the British economy shows that there is light at the end of the tunnel.

https://notes.io/qZki4 There have been a couple hundred additional job relocations due to Brexit from Europe over 7,600 since December 2020.

The most recent figures are in line with estimates from PwC in April of 2016 prior to the referendum. https://fliphtml5.com/homepage/vunjs They estimated that up to 100,000 jobs in finance could be eliminated If Britain votes Leave.

https://we.riseup.net/farnoush-farsiar4fbbcc33 Despite covid being a significant issue, the UK's stock market is rebounding.

The UK is competitive with the rest, and the EU has lifted any restrictions. This allows the UK to open up its market to more foreign businesses.

Farnoush Farsiar A number of large companies are looking to join the British stock market, which continues its reputation as a world leader.

The European market is the sole market that has suffered the most they have witnessed in the financial market.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
Although it is important to note that, due to the decrease in trade relations with Europe, the cost of living was higher.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and enabled London's potential to blossom again.


Read More: https://priceofbusiness.com/queen-inspires-women-in-uk-business-as-per-farnoush-farsiar/