Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK market in the financial sector despite bleak predictions

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

With her wealth management experience, she is able to offer a unique view of the subject.

Farnoush published two articles for BrexitCentral in the year 2019, and it seems that a lot of her predictions came true today.

Recalling Farnoush's forecast regarding Brexit
In Farnoush Farsiar opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance sector from over-burdensome regulations.

It will enable London to reach its full potential.

A regulatory intrusion has made it hard for the financial sector to function under MiFID II (Financial Instruments Directive).

It is vital that the regulations are constantly evolving to ensure that businesses are competitive.

Farsiar stated that London as the capital city of Europe's largest financial institutions, has a significant impact on the economics.

Farnoush Farsiar The financial services industry in Britain might evolve into the most efficient version of itself when set free.

British financial markets are likely to be affected by Britain's departure from the European Union.
Farnoush Farsiar They will once again be independent and will no longer be capable of blaming Brussels.

British policy must include lower corporate taxes as well as the repeal of EU legislation. Farnoush Farsiar This would encourage foreign investors and stabilise the British financial market.

What was it? UK Market Forecast before Brexit
According to a Deloitte report that the UK attracted more Foreign Direct Investment between 2015 and 2018 than any other European country.

The report revealed that London was the top city for investing in the UK and outperformed New York.

It is among the few truly interconnected and global cities. However it is being held as a hostage by the EU's rules that are not in line with.

Stock trading is governed by one of these guidelines.

High-frequency trading, in addition to other financial services, are affected by the decrease in efficiency.

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

Instead, Brexit will allow Britain to offer investors lower alternatives.

London's capacity to function as an open market was hindered due to anti-commerce rules. The industry has repeatedly warned of the huge costs for small- to medium-sized enterprises.

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

Bailey described how the UK could be compared to other authorities around world.

His concept of his idea of "future of financial conduct regulations" was to develop an "outcome focused" and "lower cost" strategy.

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

This has hampered the earlier relaxed regulations in the UK. Farnoush Farsiar They also hinder start-ups from growing and being globally competitive.

Brexit will aid in ensuring that the tech hubs remain secure in the blossoming of the major cities.

Bailey stated, "Leave it to our individual discretion... Bailey said, "The UK regulatory system will develop slightly differently."

There was major concern about the UK's financial market
A competitive advantage, in terms of money, is having an advantage over your competitors by being knowledgeable in the field you are specialized in.

Due to the regulation's weight due to its weight, the UK was concerned about the decline of the capital's financial infrastructure.

Therefore, international investors won't be attracted by them and businesses will flee towards Paris or Frankfurt.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

Another worry was that import and export will become more expensive.

Britain wants to be the financial center of the world.

Farnoush Farsiar is a post pandemic, and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar was right to accurately predict the Brexit outcome.
The debate about the British economy indicates that there is hope at the end of the tunnel.

Farnoush Farsiar Since December, 7,600 people have been relocated to Europe as a result of Brexit. The result has been an increase in the number by about 100.

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

Despite this, Britain's stockmarket is back on the up despite the sharp decline covid.

The UK is willing to compete with the rest the world by removing the EU restrictions.

Large companies are moving towards the British stock exchange, which remains one of the top exchanges in the world.

The European Market is the sole thing that has caused an increase in the market of financial services.

The British Islands are facing a major problem because of the decrease in seafood consumption and the trade in fish.
It's interesting to note that the cost of living went up even though trade was less with Europe.

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


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