Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial market, in spite of the grim forecasts.

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

Farnoush Farsiar Her wealth of experience in wealth and finance has given her unique perspective.

Farnoush has published two pieces on BrexitCentral in 2019. Farnoush Farsiar Today , it appears her predictions proved to be right.

Re-visiting Farnoush's prediction about Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome rules.

It will allow London to fully realize its potential.

The financial services industry was not able to function under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

It is vital that the rules are continuously updated to ensure competitiveness.

Farsiar stated that London, the capital of Europe's biggest financial institutions has a major impact on the economics.

If given the freedom to operate, the British financial services industry could become the most efficient version of the industry.

British financial markets are expected to be affected by Britain's departure from the European Union.
They'll be independent and won't be able anymore to blame Brussels.

Thus, reducing corporation taxes and reversing EU legislation should be top on the British agenda. It will encourage foreign investors as well as stabilize British financial markets.

Farnoush Farsiar What was UK Market Forecast before Brexit
A Deloitte analysis found that the UK attracted foreign direct investment higher than any other European country between 2015 and 2018.

Furthermore, the report found that London outshined New York as the most well-known city for investing in foreign capital.

It is among the few cities that truly are international. The European Union rules that do not align with the city's rules are being used to bind it down.

Farnoush Farsiar Stock trading is one of these guidelines.

https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ High-frequency trading and financial services are prone to slowdown in the process, which can reduce the overall effectiveness of the market.

It is high frequency but not the speed. It can make it regular trading and take away the excellence of this sector.

Instead, Brexit would make it possible for Britain to offer lower alternatives to investors.

The measures against commerce made it difficult for London to sustain its position as a rival. Industry experts repeatedly warned of the huge cost to small and medium firms.

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

Bailey explained the ways in which the UK could be considered to be comparable with other countries.

Farnoush Farsiar The idea he had for "the future of financial regulation" was to set out to develop an "outcome-focused" and "lower burden" method of regulation.

Brexit provides the UK the chance to increase its financial power and to get rid of EU restrictions.

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

Brexit is a positive step towards ensuring that the tech hubs are firmly embedded in the blossoming of the major cities.

Bailey says that "left to our devices... the UK regulation system could be a little different."

There was a significant fear around the UK's finance market
In terms of economics the definition of competitive advantage is the ability to gain an advantage over your competitors through excelling in the field which you specialize in.

Farnoush Farsiar They were worried about the destruction of capital's financial infrastructure because of the rules.

Thus, foreign investors are not likely to be drawn by them , and companies will head to Paris or Frankfurt.

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

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

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

Farnoush Farsiar post pandemic and in the middle of Brexit sees a brighter future
Farnoush Farsiar was right to predict the Brexit outcome.
Looking at the discourse on the British economy, there is a light at the at the end of the tunnel.

The number of job relocations to Europe has declined from 7,600 in December 2020 to just a handful of hundred.

The numbers are comparable to the April 2016 estimates of PwC. They predicted that the United Kingdom could lose up to 100,000 jobs in finance if they vote Leave.

Despite this, Britain's stockmarket is back on the up, despite the hard hit covid.

With no "EU restrictions" the UK competes with the world's largest companies, opening the market to more oversea companies.

Many large companies are now moving to the British stock exchange, which is a leader in the world.

They have only noticed an increase in the financial services industry due to the European market.

Mainly, the British Islands have had a reduction in their seafood trade and fish trade.
It's interesting to note that the cost of living went up regardless of the fact that trade was less with Europe.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance and enabled London to fully realize its potential.


Website: https://www.anochords.org/farnoush-farsiar-why-are-so-few-women-in-finance/