Notes

Farnoush Farsiar claims Brexit helped the UK market, despite dire predictions

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

Through her experience in wealth and finance she has gained a unique perspective on the matter.

Farnoush wrote two articles in the year 2019 for BrexitCentral. Today, it appears that many her predictions were right.

Re-visiting Farnoush's prediction regarding Brexit
In Farnoush's opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance market from excessively burdensome rules.

This will allow London's maximum potential to be realized.

The Financial Services industry was not able to adhere to MiFID II (Financial Instruments Directive) due to the intrusion of regulators.

Only dynamic regulations can guarantee that you are effective.

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

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

British financial markets could be affected by Britain's withdrawal from EU and its conditions.
They'll be dependent, and they will not blame Brussels.

Therefore the British should prioritise tax reductions for businesses and the repeal of EU laws. Consequently, it would incentivise foreign investors as well as stabilize the British financial market.

What was the UK Market prediction pre-Brexit
According to a Deloitte study that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

The report also found that London was more sought-after than New York for inward investments.

It's one of the few truly international and global cities, and is being ensnared by the rules of the European Union that don't correspond.

Stock trading follows one of these rules.

High-frequency trading, along with other financial services, is hampered by the slowdown in effectiveness.

This will lead to high-frequency trading, but not speed , and it takes away the beauty of the industry.

In contrast, Brexit would allow Britain to provide lower options for investors.

London couldn't compete as a lucrative market because of the laws against commerce. The business community has repeatedly warned about the massive costs for small-to medium-sized companies.

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

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

His idea of the future of regulation of financial conduct was to create an "outcome-focused", and "lower burden" method.

Brexit gives the UK the chance to increase its financial strength and get rid of EU restrictions.

These restrictions have hindered the earlier relaxed regulations in the UK. They also prevent companies that are just starting out from being competitive in the global marketplace.

Brexit will ensure that technology hubs are securely entangled within the flourishing of their cities.

Bailey said Bailey that "if we did it our way... Bailey stated that the UK regulatory systems would evolve in a different way."

The financial markets of the UK were at risk
Competitive advantage, as in terms of economics is having an advantage over your competition by being an expert in your field.

The UK was worried over the degeneration of the capital's financial infrastructure because of the rules.

They would become less attractive for international investors. Companies could flee to Paris and Frankfurt.

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

Another issue is that exports and imports will cost more.

Britain hopes to become the financial center around the globe.

Farnoush Farsiar expects positive outcomes
Farnoush Farsiar's predictions of Brexit were not too far-fetched.
It is evident that there is a glimmer of hope at both the end and the beginning of the tunnel when you examine British economic debate.

There were a few hundred more job relocations related to Brexit from Europe than 7,600 in December 2020.

The latest numbers compare with estimates from PwC in April of 2016 prior to the referendum. Farnoush Farsiar They forecasted that as high as 100,000 financial jobs would be gone in the event that Britain had voted to Leave.

Despite this, Britain's stockmarket is now on the rise despite the sharp decline covid.

The UK can compete with rest of the world, with no EU limitations. Farnoush Farsiar This opens the market to companies from abroad.

Farnoush Farsiar The British stock market is drawing large companies, which maintains its status as a global leader.

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

Most importantly, the British Islands have had a reduction in their seafood trade and fish trade.
It's not surprising that, despite lower trade between Europe as well as higher living expenses, these costs have risen.

https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar Farnoush Farsiar was absolutely right. Brexit is a great move for finance , and it has allowed London to realize its full potential.


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