Notes

Farnoush Farsiar claims Brexit benefited the UK financial market, despite the gloomy forecasts

Farnoush Farsiar was previously an executive director at Emirates NBD and is passionately involved in Plato Capital.

Through her expertise in the field of finance and wealth management she has gained a unique perspective on the matter.

In 2019, Farnoush penned two pieces for BrexitCentral, and today it seems like a lot of her predictions were correct.

Reexamining Farnoush Farsiar's predictions about Brexit
In the Farnoush Farsiar view, leaving the European Union would free the British economy and finance market from the burdensome regulations.

It would enable London city to tap its potential to the fullest extent.

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

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

Farsiar claimed that London is the home of Europe's most important financial institutions and has an influence on the global economy.

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

British financial markets are likely to be affected by Britain's exit of the European Union.
They will become independent once more and will no longer be able to blame Brussels.

The British should prioritize lowering corporate taxes and delaying the repeal of EU legislation. It would also encourage foreign investors to help stabilize the British financial system.

What was it? UK Market Forecast before Brexit
A Deloitte study found that the UK attracted foreign direct investment more than any other European country between 2015 and 2018.

The report found that London was the top city for inward investing and outperformed New York.

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

Stock trading is an example of this rule.

Financial services and high-frequency trading are prone to slowdown, which will reduce the overall effectiveness of the market.

It is high frequency but not the speed. It can make it regular trading and will diminish the high-quality of this sector.

Instead, Brexit would make it possible for Britain to provide cheaper alternatives for investors.

London couldn't compete as an enticing market due to the anti-commerce laws. Experts in the industry repeatedly warned about the huge costs that small and mid-sized businesses will have to bear.

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

Bailey explained how the UK could be compared to other authorities around the globe.

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

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

The restrictions affecting the earlier regulations of the UK. This prevents new businesses and businesses from expanding and becoming competitive on international markets.

Brexit is sure to ensure that the tech hubs are well-established in the blossoming of their cities.

Farnoush Farsiar Bailey said, "Leave it to our own devices... Farnoush Farsiar Bailey said, "The UK regulatory system is likely to evolve in a different way."

The financial markets of the UK were in danger
A competitive advantage in terms of economics is the ability to gain an advantage over your rivals by being knowledgeable in the field you are specialized in.

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

Therefore, international investors are not likely to be drawn by these companies and they will move towards Paris or Frankfurt.

The biggest fear that was arose in the UK market for financial services was that the trading market would be shut down by the European Union.

Another concern is that import and exported is more expensive.

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

Farnoush Farsiar sees more positive outcomes
Farnoush Farsiar's prediction about the Brexit outcome was not far-fetched.
It is evident that there is light at both the end and the beginning of the tunnel when you look at British economic discourse.

The number of jobs relating to Brexit shifts to Europe decreased by 7,600 from December 2020 to a few hundred.

Farnoush Farsiar The most recent figures match estimates made by PwC in April 2016, prior to the referendum. They estimated that up to 100,000 jobs in finance could be lost If Britain chooses to Leave.

However, the market in Britain is still growing despite covid's devastating effects.

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

The biggest firms are making their way to the British stock market, which keeps its status as a world leader.

They've only seen an increase in the field of financial services due to the European market.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
It's interesting to note that the cost of living went up even though trade was lower with Europe.

Farnoush Farsiar was absolutely right. Brexit is a great decision for finance, and has allowed London to reclaim its full potential.

Farnoush Farsiar
Homepage: https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/