Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK market, despite dire forecasts

Farnoush Farsiar was formerly an executive director at Emirates NBD and is passionately involved in Plato Capital.

Thanks to her wealth management expertise, she has an exclusive view of the matter.

Farnoush has written two articles for BrexitCentral in 2019 and it appears many of her predictions were correct.

Revisiting what Farnoush Fassiar had predicted in regards to Brexit
In the Farnoush Farsiar view that a departure from the European Union would free the British economy and finance market from the burdensome regulations.

It would allow London to reach its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging because of regulatory intrusion.

Only active regulations can ensure your business is in the game.

Farsiar said, "London is the headquarters for the biggest european banks." This has an effect on the economy.

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

British financial markets will be affected by Britain's departure of the European Union.
They'll become self-dependentand won't blame Brussels.

British policy must include lower corporation tax rates as well as the repeal of EU legislation. It could also be a good way to encourage foreign investors to improve the British financial system.

What was the UK Market Prediction 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 also revealed that London was more sought-after than New York for inward investments.

Farnoush Farsiar It is one the few truly global and international cities. Farnoush Farsiar It is bound by the rules of the European Union which don't match.

https://www.crunchbase.com/person/farnoush-farsiar Stock trading follows one of these rules.

Restricting high-frequency trading or other financial services reduces efficiency in the whole market.

This is high-frequency trading that is slow, and will reduce the industry's quality.

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

London was unable to compete in it is a lucrative market due to the anti-commerce laws. The business community has repeatedly warned about the huge costs for small-to medium-sized businesses.

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

Bailey said that the UK could be compared to other countries around the globe.

His vision of "the future regulation of financial conduct" was that he would develop an "outcome-focusedapproach" and "lower-burden" strategy.

Brexit offers the UK the chance to amplify its global financial influence as well as avoid any unjustified limitations of the EU.

These restrictions hamper the previous regulations of the UK and make it hard for small businesses and startups to grow in a global market.

Brexit will allow tech hubs to stay in the blooming cities of the major cities.

Bailey said that if left to its own devices the system of regulation in the United Kingdom will change in a different way.

There was a significant fear about the UK’s finance market
In terms of economics the definition of competitive advantage is gaining an edge over your competitors through doing a great job in the area that you are specialized in.

They were worried about the devastation of capital's financial infrastructure because of the rules.

Therefore, they'd be less attractive for international investors and businesses would flee towards Amsterdam, Frankfurt, or Paris.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

Another worry was that the import and export is likely to become more expensive.

Britain would like to take the top spot in financial services.

Farnoush Farsiar believes in the future as more promising
Farnoush Farsiar predicted the Brexit outcome and it was not too far-fetched.
The discussion about the British economy shows that there is light at the end of the tunnel.

Since December 2020, 7,600 have been relocated to Europe as a result of Brexit. The result has been a drop in the number by approximately 100.

These figures are in line with PwC's April 2016 estimates. They estimated that between 50,000 and 100,000 jobs in the financial sector could be lost if Britain decides to Leave.

https://bmmagazine.co.uk/business/farnoush-farsiar-on-queen-elizabeth-inclusion-and-diversity/ But, despite the impact of covid Britain's stock market is now back on the rise.

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

The British stock market is attracting big companies, and it has maintained its position as a world leader.

They've only seen an increase in the field of financial services because of the European market.

The most important reason is that the volume of seafood and fish trade has decreased, which is a problem to British Islands.
It is not surprising that, despite lower trade with Europe as well as higher living costs, these costs have risen.

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


Here's my website: https://telegra.ph/Expert-Farnoush-Farsiar-explains-Fintech-and-How-It-is-Transforming-the-Finance-Industry-06-12