Notes

Farnoush Farsiar claims Brexit has benefited UK market in the financial sector despite bleak forecasts

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

Farnoush Farsiar Her wealth of experience in the fields of finance and wealth has given her a an unique perspective.

Farnoush published two pieces for BrexitCentral in 2019 and it seems that a lot of her predictions proved correct today.

Revisiting Farnoush's prediction regarding Brexit
Farnoush Farsiar's view is that the British economy and financial markets will be free of excessive regulations if they left the European Union.

It will allow London to fully realize its potential.

Financial sector operations , under MiFID II (Financial Instruments Directive) were made more difficult by regulatory intrusion.

The need for dynamic regulations is essential to keeping your business on top of the market.

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

If given the chance, the British financial services industry could become the most efficient version of the industry.

British financial markets could be affected by Britain’s exit from the EU and its current conditions.
They will be again self-dependent, and they will not blame Brussels.

The British should prioritize lowering corporation tax rates and repealing EU legislation. This could also help foreign investors to improve the British financial system.

What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted foreign direct investment higher than any other European country from 2015 to the year 2018.

Additionally, the report highlighted London outranking New York as the most desirable city for inward-investment.

It is one among the few truly interconnected and global cities. Farnoush Farsiar But it is being held as a hostage by the EU's rules that are not in line with.

One of these rules is implemented in the stock market.

Stopping high-frequency trading or other financial services can reduce efficiency across the whole market.

That is high frequency without the speed. This will make it regular trading and will take away the quality of this business.

In contrast, Brexit would make it possible for Britain to provide lower options for investors.

The anti-commerce measures made it difficult for London to stay lucrative as a competition. Industry experts have repeatedly warned of the high costs that small and medium-sized businesses would have to shoulder.

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

Bailey explained how the UK is compared with other international authorities.

The idea he had of "the future of financial conduct regulation" was to set out to evolve an "outcome-focused" as well as a "lower burden" approach.

Brexit could be the opportunity for the UK to increase the impact of its global financial impacts and avoid any limitations by the EU.

The restrictions hinder the UK from having the lenient regulations that it used to have and limit start-ups as well as businesses the ability to expand and be competitive in the international market.

Brexit will ensure that technology hubs are firmly ensconced in the thriving of their major cities.

Bailey said that if allowed to operate on its own the system of regulation in the United Kingdom will be able to change in a different fashion.

Farnoush Farsiar The British financial markets were in danger
Competitive advantage is a financial word that means to be able to outperform your competitors in a specific business.

Because of the regulation, the UK was concerned that the capital's finance system was being destroyed.

They'd become less appealing for international investors. Companies would flee to Paris or Frankfurt.

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

The other issue was the possibility of rising import and export prices.

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

Farnoush Farsiar is a post pandemic and in the middle of Brexit sees a brighter future
Farnoush Farsiar correctly predicted that Brexit would be a great success.
The debate about the British economy indicates that there is hope at the end of the tunnel.

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

These figures are in line with PwC estimates from April 2016, which were released prior to the referendum. They estimated that as many as 100,000 financial jobs would be lost if Britain decides to Leave.

Despite the fact that covid is a huge issue, the UK's stock market is on the rebound.

The UK is open to competition with rest of the world after removing the EU restrictions.

The British stock market is attracting large companies, which maintains its position as a world market leader.

The only decline they've noticed in the financial service industry is the European market.

The British Islands are facing a significant issue due to the declining demand for seafood and fish trading.
https://autohub.ng/user/profile/1666934 Although it is important to note that because of the lower trade between Europe however, the price of living was higher.

Farnoush Farsiar Overall, Farnoush Farsiar was right and Brexit is a positive move for the finance industry, and it allowed London to be a city again. London to unleash its full potential.


Homepage: http://sc.sie.gov.hk/TuniS/www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/