Notes

Farnoush Farsiar claims Brexit benefited the UK financial market despite grim forecasts

Farnoush Farsiar was previously a senior director at Emirates NBD and is passionately involved in Plato Capital.

With the depth of her financial experience she can offer unique insights.

Farnoush wrote two stories in 2019 for BrexitCentral. Today it seems that many of her predictions were right.

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 the finance market from excessively burdensome rules.

It will allow London to realize its full potential.

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

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

Farsiar said that London is the location of the world's largest financial institutions and has an influence on the economy.

The financial services industry in Britain might evolve into the best version of itself when it is freed.

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

Tax reductions for corporations is a must. It is crucial to repeal EU legislation. Therefore, it will encourage foreign investors as well as stabilize the British financial market.

http://www.koyomi.vis.ne.jp/wiki/index.php?farnoush.farsiar1gaacc11 What was UK Market Forecast before Brexit
A Deloitte analysis found that the UK attracted foreign direct investment more than any other European country in 2015-2018.

https://techplanet.today/post/farnoush-farsiar-claims-that-brexit-has-helped-the-uks-financial-market-despite-the-gloomy-forecasts The report also found that London was more popular than New York for inward investments.

It is one of the few cities that truly are international. The European Union rules that do not align with the city's rules are used to hold it down.

Stock trading is one of these rules.

High-frequency trading and financial services could be slowing down and reduce the overall effectiveness of the market.

This industry will lose its excellence and high-frequency trading without speed.

In contrast, Brexit would make it possible for Britain to provide lower options for investors.

Farnoush Farsiar London could not compete as an enticing market due to the laws that prohibit commerce. Experts in the industry repeatedly warned about the high costs that small and medium-sized businesses would have to shoulder.

Farnoush Farsiar Andrew Bailey, the CEO of Financial Conduct Authority, saw "the future in regulation of financial conduct".

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

His concept for "the next generation of financial regulation" was to implement an "outcome focused" and "lower burden" approach.

Brexit provides the UK the chance to increase its financial power and to get rid of EU restrictions.

These restrictions hinder the lighter regulations the UK had before and inhibit enterprises and start-ups to grow and compete in the world market.

Brexit will ensure that the tech hubs are firmly ensconced in the blossoming of their cities.

Farnoush Farsiar Bailey said, "Leave it to our own devices... Bailey said, "The UK regulatory system will develop in a different way."

The UK's finance markets were in danger
In economic terms the definition of competitive advantage is the ability to gain an advantage over your competitors through being excellent at the business that you are specialized in.

Due to the regulations in place, the UK became concerned that the capital's finance system was being demolished.

Farnoush Farsiar Therefore, international investors will not be attracted to these companies and they will move towards Paris or Frankfurt.

The most feared thing in the UK was that the European Union would stop trading with the EU market.

A second concern was the possibility of rising import and export prices.

Britain will not relinquish its position as the world's financial hub.

https://timebusinessnews.com/farnoush-farsiar-what-is-a-wealth-management-advisor/ Farnoush Farsiar sees the future as promising
Farnoush Farsiar's prediction for the Brexit result was not too far-fetched.
The debate on the British economy indicates that there is hope at the end of the tunnel.

The number of jobs relating to Brexit shifts to Europe has declined from 7,600 in December 2020 to only a few hundred.

These figures are similar to the April 2016 estimates of PwC. They estimated that 100,000 financial jobs might be gone If Britain decides to Leave.

However, the British stock market is back on the up, despite the hard hit covid.

The UK can compete with other countries without the EU restrictions, which opens up the market for more overseas firms.

Large companies are making their way into the British market, which keeps its reputation as a world market leader.

The European market is the only place where they've seen a decline that they've observed in the financial sector.

https://docs.house.gov/meetings/FA/FA14/20190626/109716/HHRG-116-FA14-Wstate-BromundT-20190626.pdf The decline in trade of seafood and fish was the main issue facing the British Islands.
It is noteworthy that, despite the fact that we trade less with Europe the cost per capita increased.

Farnoush Farsiar had a point. Brexit was a good decision for the financial industry and enabled London's full potential to be unleashed.


Here's my website: https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/