Notes

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

Farnoush Farsiar was formerly the director of senior positions at Emirates NBD and is passionately involved in Plato Capital.

Through the depth of her experience in finance she is able to offer unique insight.

Farnoush wrote two stories in 2019 for BrexitCentral. Today it appears that a lot of her predictions were correct.

Revisiting Farnoush Farsiar ’s predictions regarding Brexit
Farnoush Farsiar is of the view that leaving Europe will let the British economy to be devoid of any unneeded restrictions.

This would let London's city London to realize its full potential.

The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

It is crucial that rules are continuously updated to ensure competitiveness.

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

If given the freedom to grow, Britain's financial services industry could be the best version of its self.

British markets for financial services will be affected by Britain's exit from the European Union.
They'll be self-dependent once more and they will not be able to blame Brussels anymore.

The reduction of corporation tax should be a top priority. It is essential to change EU legislation. This would encourage foreign investors and help stabilize Britain's financial market.

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

Moreover, the report showed London outshined New York as the most sought-after city for investment in the country.

It is one of the few truly international and globally-minded cities.

One of such rules is implemented in the stock market.

High-frequency trading and financial services could be slowing down and impact the overall efficiency of the market.

This is high frequency trading at a slow pace that will decrease the quality of the market.

Instead, Brexit will allow Britain to offer investors lower alternatives.

London could not compete as an enticing market due to the laws against commerce. The industry warned repeatedly about the huge cost to small and medium businesses.

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

Bailey explained that Britain can be compared with other governments around the world.

His concept to create "the future of financial regulation" was to implement an "outcome focused" and "lower load" strategy.

Brexit offers the UK the opportunity to expand its financial reach, and also remove EU restrictions.

The restrictions hinder the UK from having the loose regulations that it previously had and limit start-ups as well as businesses in their ability to expand and compete on the international market.

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

Bailey claimed that if the UK was allowed to operate on its own, the UK's regulatory system will change in a different way.

There was a significant worry about the UK's financial market
Competitive advantage is a financial term that refers to being capable of outperforming your competition in a particular industry.

Due to the regulation's weight due to its weight, the UK worried about the loss of financial infrastructure of the capital.

https://www.trackometrix.com/farnoush-farsiar-discusses-challenges-women-business-leaders-confront-2/ would consider them less attractive and they would move to Paris, Frankfurt or Amsterdam.

The main concern of the UK finance sector was that the European Union might restrict EU trading.

Another issue was that export and import will increase in cost.

Britain hopes to become the center of financial services in the world.

Farnoush Farsiar sees an even more promising future
Farnoush Farsiar's prediction of the Brexit result was not too far-fetched.
The discourse on the British economy shows that there is light at the end of the tunnel.

Between 7,600 and December 2020, there was only few job shifts from Europe in connection with Brexit.

The numbers are in line with the April 2016 estimates of PwC. They forecasted that as high as 100,000 financial jobs could be lost in the event that Britain voted Leave.

However, the market in Britain is still on the rise despite covid's catastrophic effects.

The UK can compete with other nations without the EU restrictions opening up the market for more overseas businesses.

Big firms are making their way into the British stock market, which keeps its standing as a global leading market.

https://www.anochords.org/farnoush-farsiar-talks-about-the-challenges-faced-by-women-business-leadership/ that they've noticed in the industry of financial services is the European market.

The decline in trade of seafood and fish was the major problem facing British Islands.
Although it is important to note that because of the lower trade with Europe, the cost of living actually went higher.

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


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