Notes

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

Farnoush Farsiar Former senior director at Emirates NBD. He is the co-founder of Plato Capital.

She has unique insight because of her wealth and financial management experiences.

Farnoush has written two articles on BrexitCentral in 2019 and it appears that many of her predictions came true today.

Farnoush Farsiar Recalling Farnoush's prediction about Brexit
Farnoush Farsiar holds the opinion that a departure from Europe will allow the British economy to be free from unnecessary restrictions.

It would enable London to maximize its potential.

Financial services sector was unable to operate under MiFID II (Financial Instruments Directive) due to regulatory intrusion.

The ability to remain ahead of the competition is only possible when the regulations are dynamic.

Farsiar declared, "London is the headquarters for the largest European banks." This has an effect on the economy.

The British financial sector could be transformed to become the best version it can be if given the freedom to do so.

British financial markets could be affected by Britain’s exit from the EU and its terms.
They'll become self-dependent and won't have the ability to blame Brussels.

So the British should prioritise tax reductions for businesses and abrogating EU laws. Therefore, it will encourage foreign investors and stabilise the British financial market.

What was the UK Market prediction pre-Brexit
According to a Deloitte Report, the UK Attracted More Foreign Direct Investment Between 2015 and 2018 than any other European Country.

Farnoush Farsiar The study revealed that London was the most sought-after city for inward investing over New York.

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

Stock trading is one example of this rule.

Financial services and high-frequency trading are prone to slowdown in the process, which can affect the overall efficiency of the market.

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

Instead, Brexit would allow Britain to offer less options to investors.

The anti-commerce laws caused it to be difficult for London to remain profitable as a competitor. The industry has repeatedly warned about the massive costs for small- and medium-sized companies.

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

Bailey explained how Bailey explained how the UK is compared with other authorities around the world.

His idea of the "future of financial regulation" was to develop an "outcome focused" and "lower cost" method.

Brexit offers the UK the chance to expand its financial influence, and unrestrictions from the EU.

These restrictions prevent the UK from having the lenient regulations that it previously had and limit start-ups as well as businesses' ability to grow and compete on the international market.

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

Bailey states that "left to our own devices... the UK regulation system could change a bit."

There was significant concern over the UK's finance market
Competitive advantage is an economic term that means being capable of outperforming your competition in a specific business.

Due to the weight of the regulation due to its weight, the UK worried about the demise of the capital’s financial infrastructure.

Therefore, they would 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 that the import and export will become more costly.

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

Mid Brexit Farnoush Farsiar sees a more positive future
Farnoush Farsiar's predictions for Brexit were not too far-fetched.
The debate regarding the British economy suggests that there is a light at the end of the tunnel.

There were a few hundred more job relocations related to Brexit from Europe more than 7,600 as of December 2020.

These numbers are comparable to PwC estimates in April of 2016, which was prior to the referendum. They predicted that 100,000 jobs in finance could be lost in the event of Britain leaving the EU. Leave.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi Even with covid hitting hard Britain's stock market is now back on the rise.

Farnoush Farsiar Farnoush Farsiar The UK is open to competition with the rest of the world, by lifting the EU restrictions.

Many big corporations are considering joining the British market and continue its status as a global leader.

The only drop they've seen in the field of financial services is the European market.

Most importantly, the trade in seafood and fish decreased and this is a major issue for British Islands.
It is noticeable that even though trade with Europe was lower however, living costs were higher.

Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and allowed London's potential to blossom.


My Website: https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi