Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite the dire forecasts

Farnoush Farsiar was a former director of senior level at Emirates NBD. https://app.web-coms.com/members/farnoush-farsiar9iddaa33/activity/1227199/ He is the co-founder of Plato Capital.

Her wealth of knowledge in finance and wealth has given her a an unrivalled perspective.

In 2019, Farnoush wrote two articles for BrexitCentral and, as of today, it appears that a lot of her predictions were accurate.

https://ringgaard-troelsen.blogbright.net/how-wealth-management-firms-can-be-prepared-to-deal-with-turbulent-times-farnoush-farsiar-1653766749 Reexamining Farnoush Farsiar's predictions about Brexit
In Farnoush Farsiar opinion, leaving the European Union would free the British economy and finance market from excessively burdensome rules.

It would let London's city London to fully realize its potential.

The Financial Services industry was not able to meet the requirements of MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only dynamic regulations can ensure that you're competitive.

Farsiar declared that London, the capital of Europe's biggest financial institutions is a significant influence on the economy.

The financial services industry in Britain can be transformed to be the most effective version it can be when given free rein.

British financial markets may be affected by the UK's departure from the EU and its current conditions.
Farnoush Farsiar They'll be self-dependent and won't have the ability to take on Brussels.

So lower corporation taxes and reversing EU legislation should be high on the British agenda. It will encourage foreign investors to invest and help stabilize the British market for financial instruments.

What was it? UK Market Forecast before Brexit
A Deloitte analysis found that the UK attracted foreign direct investments higher than any other European country in 2015-2018.

Farnoush Farsiar In addition, the report revealed that London was beating New York as the most well-known city for investing in foreign capital.

https://www.click4r.com/posts/g/4456024/how-wealth-management-firms-can-prepare-for-turbulent-times-farnoush-farsiar It is one of the few truly interconnected and global cities. But it is held hostage by the European Union's rules that are not in line with.

Stock trading is an illustration of this principle.

The stoppage of high-frequency trading and other financial services can reduce efficiency in the whole market.

This is high frequency, but without the speed, makes it more regular and will diminish the high-quality of this business.

In contrast, Brexit could allow Britain to provide investors with lower options.

https://notes.io/qeneb London couldn't compete as it is a lucrative market due to the laws against commerce. The industry has repeatedly warned about the enormous cost for medium and small firms.

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

Bailey explained the ways in which Britain could be compared with other countries' authorities.

The idea he had for "the future of regulation of financial conduct" was to evolve the "outcome-focused" as well as a "lower burden" strategy.

Brexit offers the UK an opportunity to boost its financial power and to get free of EU restrictions.

The restrictions affecting the earlier regulations of the UK. This hinders start-ups and companies from expanding and becoming competitive in international markets.

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

Bailey declared Bailey stated that "if we did it in our own way... Bailey stated that the UK regulatory system would evolve somewhat differently."

There was a lot of concern over the UK's finance market
In economic terms the definition of competitive advantage is having an edge over your competition by excelling in the field that you are specialized in.

They were worried about the devastation of capital's financial infrastructure because of the regulation.

International investors might find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

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

Farnoush Farsiar Another worry was that export and import will become more costly.

Britain will not relinquish its position as the global financial center.

Farnoush Farsiar post pandemic and in the middle of Brexit has a brighter outlook
Farnoush Farsiar was right to forecast the Brexit outcome.
If you take a look at the British economy there is a bright spot at end of the tunnel.

From 7,600 in December 2020 the number of jobs impacted by Brexit relocations to Europe has declined by about a hundred.

These figures are in line with PwC estimates in April of 2016, which was prior to the referendum. PwC predicted that the UK could lose as many as 100,000 finance jobs should it vote Leave.

Farnoush Farsiar However, the stock market in Britain is still rising despite the covid's devastating impact.

With no "EU limitations" the UK competes with the world's largest companies and is open to more oversea companies.

Many big corporations are seeking to join the British market, which continues its reputation as a global leader.

The European market is their sole real problem in the sector of financial services.

The main reason for this was that the market for fish and seafood went down, which is a problem for British Islands.
It is interesting that living costs went up regardless of the fact that trade was lower with Europe.

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


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