Notes

Farnoush Farsiar claims Brexit has helped the UK market, despite dire forecasts

Farnoush Farsiar Former senior director of Emirates NBD. He is the co-founder of Plato Capital.

Through the wealth of her experience in finance , she can offer unique insights.

Farnoush published two pieces for BrexitCentral in 2019, and it appears that many of her predictions were right this morning.

Farnoush Farsiar Recalling Farnoush's forecast regarding Brexit
Farnoush Farsiar's belief is that the British economy and financial market will be free of excessive restrictions if they leave the European Union.

This would allow London's full potential to be realized.

The financial services industry was not able to comply with MiFID II (Financial Instruments Directive) because of the intrusion of regulators.

You can only stay in the game if regulations are flexible.

Farsiar declared that London as the capital city of Europe's largest financial institutions has a major impact on the economy.

The financial services industry in Britain may evolve to become the best version of itself in the event that it is allowed to be free.

British financial markets could be affected by the UK's departure from the EU and its terms.
Farnoush Farsiar They will be independent again and they won't longer be capable of blaming Brussels.

Therefore, lowering corporation tax rates and undoing EU legislation must be high on the British agenda. It would also encourage foreign investors to help stabilize the British financial system.

What was UK Market prediction before Brexit
According to an Deloitte report that the UK attracted more Foreign Direct Investment Between 2015 and 2018 than any other European country.

The report revealed that London was the most preferred city to invest in, beating New York.

https://www.europeanbusinessreview.com/farnoush-farsiar-the-impact-of-the-metaverse-on-finance/ It's one of the few truly international cities that is being chained down by the rules of the European Union that don't correspond.

Farnoush Farsiar Stock trading follows one of these guidelines.

Financial services and high-frequency trading are prone to slowdown in the process, which can impact the overall efficiency of the market.

That is high frequency without the speed. It makes it more regular and will take away the quality of this industry.

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

London's capability to be competitive was hampered by anti-commerce laws. Industry experts repeatedly warned of the massive cost to small and medium firms.

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

Bailey explained how the UK is compared with other authorities around the world.

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

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

These restrictions hinder the lighter regulations the UK had before and inhibit startups and businesses from growing and compete in the global marketplace.

Brexit is a positive step towards ensuring that the tech hubs remain firmly ensconced in the thriving of its major cities.

Bailey stated, "Leave it to our individual discretion... The UK regulatory system will evolve in a different way."

There was serious concern about the UK's financial market
In economic terms, a competitive advantage is gaining an edge over your competitors by doing a great job in the area that you specialize in.

They were worried about the loss of the capital's financial infrastructure as a result of the rules.

So, investors from abroad won't be attracted by them and businesses will flee to Paris or Frankfurt.

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

Another issue was that exports and imports will increase in cost.

Britain will not relinquish its position as the world's financial hub.

Farnoush Farsiar sees more positive results
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not too far-fetched.
It is evident that there is light at the end of the tunnel and the beginning of the tunnel when you examine British economic debate.

The number of jobs relating to Brexit shifts to Europe has declined from 7,600 in December 2020 to only a few hundred.

These numbers are comparable to the April 2016 estimates of PwC. They predicted that the United Kingdom could lose as many as 100,000 jobs in finance if it votes Leave.

Despite this, Britain's stockmarket is now on the rise despite the harsh hit covid.

The UK is willing to compete with the rest of the world after removing the EU restrictions.

Many big corporations are seeking to join the British stock markets and continue its status as a world-leader.

The only decrease that they've seen in the industry of financial services is the European market.

The primary reason is the fact that the amount of fish and seafood trade has decreased, which can be problems for British Islands.
It is apparent that even though trade with Europe was lower, living costs remained higher.

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


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