Notes

Farnoush Farsiar claims Brexit was a blessing to the UK market, despite dire forecasts

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

Through the depth of her finance experience , she can offer unique insights.

In the year 2019, Farnoush wrote two pieces for BrexitCentral Today, it seems like a lot of her predictions were right.

Re-visiting Farnoush's forecast regarding Brexit
Farnoush Farsiar believes that a departure from the European Union will free the British economy from the burdensome restrictions.

It would allow London to reach its full potential.

The financial services industry found it difficult to operate under MiFID II, the Financial Instruments Directive.

Only active regulations can ensure your business is effective.

Farsiar said, "London is the headquarters of the most important European banks." This has an effect on the economy.

When given freedom given the chance, the British financial services industry could become the most efficient version that is possible.

The United Kingdom's decision to leave the European Union and its terms will have a major impact on British financial markets.
They will be again self-dependentand will not blame Brussels.

Therefore the British must prioritise tax cuts for businesses and the repeal of EU laws. It could encourage foreign investors and help stabilize Britain's financial market.

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.

The study found that London was a more popular location for investment in the UK than New York.

It is one among the few truly global and interconnected cities. But it is kept hostage by European Union's rules which do not match.

Stock trading is one illustration of this principle.

High-frequency trading, as well as other financial services, is hindered by the decline in effectiveness.

This is high-frequency trading with a slow rate which will lower the quality of the market.

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

The measures against commerce made it more difficult for London to stay lucrative as a rival. Industry experts repeatedly warned about the cost-intensive costs small and mid-sized businesses will have to shoulder.

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

Bailey described how the UK could be compared with other countries' authorities.

His concept of his idea of "future of financial regulation" was to develop an "outcome specific" as well as a "lower cost" method.

Brexit offers the UK the chance to amplify the impact of its global financial impacts and avoid any restrictions from the EU.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 These restrictions impact the UK's earlier lighter regulations. This hinders start-ups as well as businesses from expanding and competing in international markets.

Brexit is a positive step towards ensuring that the tech hubs are firmly embedded within the blooming of its major cities.

Bailey claimed that if the UK was allowed to operate on its own the regulatory system in the UK will be able to change in a different fashion.

The financial markets of the UK were at risk
A competitive advantage in economic terms is the ability to get an edge over your competition through being proficient in the field you are specialized in.

The UK was concerned about the collapse of the financial infrastructure of the capital due to the new regulations.

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

The largest fear in the UK was that the European Union would stop trading through the EU market.

https://www.difc.ae/public-register/rumi-investment-limited/ Another reason to be concerned was that exports and imports will be more expensive.

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

Farnoush Farsiar predicts an even more promising future
Farnoush Farsiar was right to predict the Brexit outcome.
If you take a look at the British economy there is a light at the end of the tunnel.

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

https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 The numbers are in line with PwC's April 2016 estimates. They forecast that the UK could lose up to 100,000 finance jobs if it votes Leave.

Despite the fact that covid is causing a lot of pain the British stock market is returning to a higher level.

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

The British stock market is attracting big companies, and it has maintained its position as a world market leader.

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

The British Islands are facing a major problem because of the decrease in seafood consumption and fish trading.
It is noteworthy that, despite the fact that we trade less with Europe the cost per capita was higher.

Farnoush Farsiar Farnoush Farsiar was correct, and Brexit is a positive step for the financial sector. It enabled London to unleash its full potential.


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