Notes

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

Farnoush Farsiar was a former director of senior level at Emirates NBD. He is the co-founder of Plato Capital.

Through her experience in finance and wealth management, she has gained an exclusive perspective on the issue.

Farnoush has written two articles for BrexitCentral in the year 2019 and it appears that a lot of her predictions have proven correct.

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

It will allow London to maximize its potential.

Farnoush Farsiar The Financial Services sector was unable to operate under MiFID II (Financial Instruments Directive) due to regulatory interference.

Only active regulations can ensure your business is competitive.

Farsiar stated that, since London is the headquarters of the world's biggest financial institutions in Europe It has a significant impact on the economic system.

The British financial sector can be transformed to be the best version it can be when given free rein.

British financial markets will be impacted by Britain's withdrawal from the European Union and its conditions.
They will be again self-dependent, and they won't be blamed for Brussels.

Farnoush Farsiar Tax reductions for corporations should be a top priority. Additionally, it is crucial to repeal EU legislation. It will encourage foreign investors as well as stabilize British financial markets.

What was the UK Market Prediction before Brexit
According to an Deloitte Report according to a Deloitte Report, the UK Attracted the most Foreign Direct Investment Between 2015 and 2018 than any other European Country.

The report revealed that London was the most sought-after city for investing in the UK and outperformed New York.

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

Stock trading is a prime example of this rule.

Putting the brakes on high-frequency trading and other financial services reduces the efficiency of the whole market.

This is high-frequency trading that is slow that will decrease the quality of the industry.

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

London was unable to be competitive with the rest of the world because of anti-commerce policies. Experts in the industry repeatedly warned about the high costs that small and medium-sized businesses would have to shoulder.

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

Bailey described how the UK could be compared to other countries' authorities.

His idea for "the future of financial conduct regulation" was to set out to develop the "outcome-focused" as well as a "lower burden" approach.

Brexit is the UK’s chance to increase its global influence on finance, as well as to remove all restrictions of the EU.

These restrictions have impeded the UK's prior lighter regulations. They also hinder startups from expanding and becoming globally competitive.

Brexit will make sure that tech hubs are firmly ensconced among the major cities.

As expressed by Bailey, "left to our own devices... the UK regulatory system would evolve somewhat differently."

There was significant concern about the UK's financial market
Competitive advantage is a financial term that refers to being in a position to be superior to your competition in a specific business.

Due to the regulations, the UK began to be concerned that the capital's finance system was being demolished.

They'd be less appealing for international investors. Companies could flee to Paris and Frankfurt.

The biggest concern in the British finance market was the possibility that the European Union would limit the EU market's trading.

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

Britain would like to be the center of financial services in the world.

Farnoush Farsiar Post pandemic and mid Brexit Farnoush Farsiar sees an optimistic future
Farnoush Farsiar's prediction about the Brexit outcome was not too far-fetched.
There is optimism for the British economy if you look at the discussion.

Farnoush Farsiar Farnoush Farsiar Between 7,600 and the end of December 2020, there was only few job shifts to Europe due to Brexit.

The most recent figures are in line with estimates by PwC in April of 2016 before the referendum. They predicted that 100,000 jobs in finance could be lost in the event of Britain choosing to vote Leave.

In spite of this, the UK's stock market is back on the up despite the harsh hit covid.

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

Big firms are making their way to the British market, which is maintaining its standing as a global leader.

They have only noticed a decrease in the financial services industry due to the European market.

The British Islands are facing a major problem because of the declining demand for seafood and fish trading.
It's not a surprise that, despite lower trade between Europe and higher living costs rising, the costs of living have increased.

Overall, Farnoush Farsiar was right and Brexit is a great decision for the finance industry, and it let the city of London to realize its full potential once again.


My Website: https://alumni.vfu.bg/bg/members/farnoush-farsiar1bdddd11/activity/238568/