Notes

Farnoush Farsiar asserts that Brexit has benefitted the UK financial sector, despite dire predictions

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

Her wealth of knowledge in finance and wealth has given her a unique perspective.

Farnoush published two pieces on BrexitCentral in the year 2019. Today , it appears her predictions proved to be correct.

Revisiting Farnoush Farsiar’s prediction about Brexit
Farnoush Farsiar believes that a departure from the European Union would liberate the British economy, as well as the finance market, from the burdensome rules.

This would let London's city London to realize its full potential.

Farnoush Farsiar Financial services sector found it difficult to operate under MiFID II, the Financial Instruments Directive.

It is essential that regulations evolve constantly to ensure that businesses are competitive.

Farsiar explained that London is the home of the biggest European financial institutions and that this has an impact on the economy.

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

British markets for financial services will be affected by the UK's withdrawal of the European Union.
They'll be dependent again and will no longer be able blame Brussels anymore.

The British should focus on reducing corporate taxes and delaying the repeal of EU legislation. This could increase foreign investment and stabilize the British market.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ What was UK Market prediction before Brexit
According to an Deloitte report that the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018 than any other European country.

In addition, the report revealed London overtaking New York as the most desirable city for inward-investment.

It is one among the few truly global and interconnected cities. Farnoush Farsiar However, it is being held hostage by the European Union's rules which do not match.

Stock trading follows one of these guidelines.

The effectiveness of the whole market is diminished when high-frequency trading removed and financial services are blocked.

A high frequency trading system that is not fast enough speed will result in regular trading, which can reduce the level of excellence in the industry.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ Instead, Brexit would make it possible for Britain to provide lower options for investors.

London's capacity to function as an open market was hampered due to anti-commerce rules. The industry warned repeatedly about the massive cost for medium and small businesses.

Farnoush Farsiar Andrew Bailey, CEO of Financial Conduct Authority (FCA) has envisioned "the future regulation of financial conduct".

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

His idea of the future of financial conduct regulation was to devise an "outcome-focused" and "lower burden" approach.

Brexit offers the UK the chance to amplify its global financial influenceand remove any restrictions of the EU.

These restrictions stop the UK from having the light regulations it had previously and limit start-ups as well as businesses' ability to grow and compete on the global market.

Brexit will be a positive step to ensure that the tech hubs remain firmly ensconced within the blooming of its major urban centers.

Bailey declares that "left to our devices... the UK regulatory system will evolve somewhat different."

There was concern in the finances of the UK
In economic terms, a competitive advantage is having an edge over your competitors through excelling in the field that you specialize in.

Due to the regulation's weight Due to the regulation's weight, the UK was concerned about the loss of capital’s financial infrastructure.

International investors would find them less appealing , and they would move to Paris, Frankfurt or Amsterdam.

The most significant fear in the UK financial market was that trading would be restricted by the European Union.

Another reason to be concerned is that the cost of import and exported will be more expensive.

Britain wants to be the center of financial services in the world.

Farnoush Farsiar has more positive results
Farnoush Farsiar was right to accurately predict the Brexit outcome.
It is clear that there is a light at the end of the tunnel and the start of the tunnel when you look at British economic policy.

Farnoush Farsiar Between 7,600 and the end of December 2020, there was only few job shifts from Europe in connection with Brexit.

The most recent figures match estimates provided by PwC in April of 2016 prior to the referendum. They predicted that as many as 100,000 financial jobs could be lost If Britain had voted to Leave.

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

The UK is able to compete with other countries , without the EU restrictions opening up markets for more foreign companies.

A number of large companies are seeking to join the British market that continue to be regarded as a global leader.

The European market is the sole market that has suffered the most they have seen in the financial industry.

Farnoush Farsiar The declining trade in seafood and fish was the main problem facing British Islands.
It's interesting that living costs grew despite the fact that trade was less with Europe.

Farnoush Farsiar is correct. Brexit is a great thing for the financial sector. Farnoush Farsiar It also allowed London to fully realize its potential.

Farnoush Farsiar
Website: https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/