Notes

Farnoush Farsiar claims Brexit was a blessing to the UK financial markets despite the dire predictions

Farnoush Farsiar a former senior director at Emirates NBD is passionate about Brexit.

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

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

Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the financial market, from burdensome regulations.

Farnoush Farsiar It will enable London to reach its full potential.

The financial services industry was unable to comply with MiFID II (Financial Instruments Directive) because of regulatory intrusion.

It is crucial that regulations are constantly evolving to ensure competitiveness.

Farsiar said, "London is the headquarters for the biggest european financial institutions." This can have an impact on the economy.

The financial services industry in Britain is likely to grow to become the best when it is free.

British financial markets will be affected by Britain's departure of the European Union.
They will be self-dependent again and will not be able to blame Brussels for their problems.

Thus it is imperative that the British should prioritise tax reductions for companies and repealing EU laws. This would boost foreign investment and help stabilize the British market.

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

Moreover, the report showed London outshined New York as the most popular city for inward investment.

It is among the few truly global and internationally-minded cities.

Stock trading is governed by one of these guidelines.

Financial services and trading that are high-frequency are prone to slowdown, which will affect the overall efficiency of the market.

This is high frequency, but without the speed. It makes it more regular and take away the excellence of this sector.

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

London had a difficult time to remain a profitable competitor due to the anti-commerce measures. Industry experts repeatedly warned about the high costs that small and mid-sized businesses will have to shoulder.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future in financial conduct regulation".

Bailey explained how Bailey explained how the UK could be considered to be comparable with other authorities around the globe.

https://priceofbusiness.com/queen-inspires-women-in-uk-business-as-per-farnoush-farsiar/ The idea behind his idea of "future of financial regulation" was to develop an "outcome specific" as well as a "lower cost" approach.

Brexit offers the UK the chance to broaden its financial reach, and also eliminate EU restrictions.

These restrictions impact the previous regulations that were lighter in the United Kingdom. This can hinder start-ups and companies from growing and being competitive in international markets.

Brexit is a positive step to ensure that the tech hubs will remain in the thriving of its major cities.

Bailey said that "if we did it our way... the UK regulatory systems would evolve somewhat differently."

The UK's finance markets were in danger
Competitive advantage, economically means having an advantage over your competitors by being an expert in your industry.

Due to the regulations, the UK began to be worried that the capital's financial system was being destroyed.

Farnoush Farsiar So, investors from abroad will not be attracted to them , and companies will head towards Paris or Frankfurt.

The most significant fear in the UK financial market was that trading would be restricted by the European Union.

Another reason to be concerned is that the cost of import and exported is more expensive.

Britain hopes to become the financial center around the globe.

Farnoush Farsiar predicts an even better future
Farnoush Farsiar correctly predicted that Brexit was a huge success.
It is clear that there is a light at both the end and the beginning of the tunnel when you look at British economic policy.

There have been a couple hundred more Brexit-related job relocations from Europe than 7,600 in December 2020.

These numbers are comparable to the April 2016 estimates of PwC. They estimated that as many as 100,000 financial jobs could be eliminated in the event that Britain voted Leave.

Farnoush Farsiar However, the British stock market is back on the up despite the harsh hit covid.

The UK is more competitive than the other countries and the EU has lifted any restrictions. This permits the UK to open its markets to foreign businesses.

https://dribbble.com/farnoush-farsiar3haaaa33 The biggest firms are making their way into the British stock market, which keeps its standing as a global leader.

The European market is the only area of decline they have observed in the financial sector.

The main reason for this was that the market for fish and seafood went down which poses a challenge for British Islands.
It's interesting that living costs went up despite the fact that trade was lower with Europe.

Overall, Farnoush Farsiar was right, and Brexit is a positive move for the finance sector, and allowed the city of London to unleash its full potential again.


Here's my website: https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/