Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial markets despite the dire forecasts.

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

She has unique insights because of her financial and wealth management experience.

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

Revisiting the things Farnoush Fassiar had predicted in regards to Brexit
Farnoush Farsiar's belief is that the British economy and financial markets would be freed from excessive regulations if they left the European Union.

This would enable the city of London to fully realize its potential.

The financial services industry found it difficult to operate under MiFID II, the Financial Instruments Directive.

Only active regulations can ensure that you are effective.

Farsiar said that, as London is the home of the world's biggest financial institutions in Europe It has a significant impact on the world economy.

The British financial sector could be transformed into the most efficient version it could be given free rein.

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

So, the British must prioritise tax cuts for businesses and abrogating EU laws. This would encourage foreign investors as well as stabilize the financial market.

What was the UK Market prediction pre-Brexit
According to an Deloitte study, the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

Farnoush Farsiar The report revealed that London was the most sought-after city to invest in and outperformed New York.

Farnoush Farsiar It is among the few truly global and interconnected cities. But it is taken hostage by European Union's rules, which aren't in accordance with.

Stock trading is an illustration of this principle.

Financial services and trading that are high-frequency could be slowing down and affect the overall efficiency of the market.

The industry will be unable to compete with high frequency trading without speed.

Instead, Brexit will allow Britain to provide investors with lower options.

London could not compete as an enticing market due to the laws that prohibit commerce. The industry repeatedly warned over the enormous costs for small and medium-sized companies.

Andrew Bailey, CEO of Financial Conduct Authority (FCA), envisioned "the future regulation of financial conduct".

Farnoush Farsiar Bailey explained the ways in which Britain could be compared to other authorities around the world.

https://mahoney-godfrey-2.federatedjournals.com/how-wealth-management-firms-can-prepare-for-turbulent-times-farnoush-farsiar-1681016065/ The idea he had of "the future of regulation of financial conduct" was to develop the "outcome-focused" and "lower burden" approach.

Brexit offers the UK the chance to expand its influence on finance, as well as to remove all restrictions of the EU.

These restrictions prevent the UK from having the light regulations that it used to have and hamper start-ups and businesses the ability to expand and compete on the global market.

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

Farnoush Farsiar As stated by Bailey, "left to our individual decisions... the UK regulatory system could change in a different way."

There was a lot of concerns about the UK's financial market
Competitive advantage, in economic terms, is having an edge over your competitors by being an expert in your field.

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

Thus, foreign investors are not likely to be drawn by these companies and they will move towards Paris or Frankfurt.

The biggest concern in the UK finance sector was that the European Union might restrict EU trading.

Another reason to be concerned was that import and export will be more expensive.

Britain wants to be the financial center of the world.

Farnoush Farsiar Farnoush Farsiar is a post pandemic and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar's predictions for Brexit were not far-fetched.
There is optimism for the British economy when you look at the discussion.

Between 7,600 and 2020, the number of job relocated to Europe has dropped by around 100.

These figures are in line with the April 2016 estimates of PwC. They estimated that between 50,000 and 100,000 jobs in finance could be lost if Britain chooses to Leave.

https://fnote.net/notes/t7X8CF Despite the fact that covid has been causing a lot of pain the UK's stock markets are back on the rise.

Farnoush Farsiar Without the "EU restrictions" the UK competes with the world's largest companies and is open to more overseas companies.

Large companies are making their way into the British stock market, and it is able to maintain its reputation as a world leader.

The European Market is the sole thing that has caused an increase in the market of financial services.

The British Islands are facing a major problem because of the decrease in seafood consumption and fish trading.
It's not a surprise that, despite lower trade between Europe and higher living costs the cost of living has increased.

Farnoush Farsiar was correct, and Brexit is a positive move for the financial sector. It enabled London to realize its full potential.


Here's my website: https://mahoney-godfrey-2.federatedjournals.com/how-wealth-management-firms-can-prepare-for-turbulent-times-farnoush-farsiar-1681016065/