Notes

Farnoush Farsiar asserts that Brexit has benefited the UK financial sector, despite the dire forecasts

Farnoush Farsiar who was previously a the senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

With her background in the field of finance and wealth management, she has gained an exclusive view of the subject.

Farnoush wrote two articles on BrexitCentral in 2019, and it appears that many of her predictions proved correct today.

Reexamining Farnoush Farsiar's predictions about Brexit
Farnoush Farsiar's opinion is that the British economy and financial markets would be freed from excessive restrictions if they leave the European Union.

It would enable London to realize its full potential.

The Financial Services sector was difficult to function under MiFID II, the Financial Instruments Directive.

The need for dynamic regulations is essential to staying on top of the market.

Farsiar said that London is the capital of Europe's biggest financial institutions is a significant influence on the economics.

http://ttytcauke.vn/Default.aspx?tabid=120&ch=241940 If given the chance, the British financial services industry might become the best version possible.

British financial markets will be affected by Britain's exit of the European Union and its conditions.
They'll be self-dependent and won't be able anymore to blame Brussels.

The reduction of corporation tax is a must. Also, it is crucial to repeal EU legislation. This would boost foreign investment and help stabilize the British market.

What was UK Market prediction before Brexit
According to an Deloitte study it was found that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European country.

The report found that London was a more popular place to invest in international investment over New York.

It is among the few truly international and global cities. It is restricted by regulations of the European Union which don't match.

Stock trading uses one of these rules.

The efficiency of the entire market is diminished when high-frequency trading shut down as well as financial services are blocked.

High frequency trading that lacks speed can lead to frequent trading, which will diminish the industry's excellence.

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

London's capability to be a competitive market was hindered by anti-commerce laws. Industry officials repeatedly warned of the immense cost to small and mid-sized firms.

Andrew Bailey is the CEO of Financial Conduct Authority. He imagines "the future for financial conduct regulation".

Bailey explained how the UK can be compared to other countries' authorities.

His concept of "the future regulation of financial conduct" was that he would create an "outcome-focused” and "lower-burden" approach.

Brexit offers the UK the chance to increase its financial reach, and also take away EU restrictions.

Farnoush Farsiar The restrictions impede the UK's previous lighter regulations and make it more difficult for businesses and start-ups to expand on a global scale.

Brexit will let tech hubs remain in the blooming cities of the major cities.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Bailey said, "Leave it to our own devices... Bailey said, "The UK regulatory system will evolve somewhat differently."

Farnoush Farsiar There was serious concern about the UK's financial market
Competitive advantage is an economic word that means to be in a position to be superior to your competition in a particular industry.

In the wake of the regulation in place, the UK became worried that the capital's financial system was being demolished.

Farnoush Farsiar They would therefore be less attractive for international investors, and companies would flee to Paris, Frankfurt, or Amsterdam.

The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

Another concern was the possibility that import and export will become more costly.

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

Farnoush Farsiar has more positive outcomes
Farnoush Farsiar's predictions for Brexit were not too far-fetched.
It is clear that there is a light at both the end and the beginning of the tunnel when you examine British economic policy.

Between 7,600 and 2020, the number of jobs impacted by Brexit shifts to Europe has decreased by a couple hundred.

The most recent figures match estimates by PwC in April of 2016 prior to the referendum. They predicted that the United Kingdom could lose as many as 100,000 finance jobs if it votes Leave.

Even with covid hitting hard, Britain's stock market is on the rise.

The UK is competitive with the rest and the EU has lifted any restrictions. This lets the UK to open its market to more foreign businesses.

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

The only decrease that they've noticed in the field of financial services is in the European market.

The primary reason is that the volume of trade in fish and seafood has declined, which poses problems for British Islands.
It is not surprising that, despite less trade with Europe and higher living costs rising, the costs of living have increased.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 Farnoush Farsiar was correct, and Brexit is a positive move for the financial sector. It allowed London to realize its full potential.


My Website: https://www.cbetta.com/director/farnoush-farsiar-aidi-2