Notes

Farnoush Farsiar claims Brexit has benefited UK market, despite dire predictions

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

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

In 2019, Farnoush penned two pieces for BrexitCentral, and today it seems like a lot of her predictions were correct.

Revisiting the things Farnoush Farsiar predicted about Brexit
Farnoush Farsiar believes leaving the European Union will free the British economy from the burdensome restrictions.

It will allow London city to realize its full potential.

Financial services sector was not able meet the requirements of MiFID II (Financial Instruments Directive) due to regulatory intrusion.

It is crucial that rules are continuously updated to ensure competitiveness.

Farsiar explained that London is the home of the largest European financial institutions and this is a significant influence on the economy.

The industry of financial services in Britain could evolve to be the best version when set free.

The United Kingdom's decision to leave the European Union and its terms will have a significant impact on British markets for financial services.
They will be self-dependent again and they will no longer be able blame Brussels anymore.

The reduction of corporation tax should be a top priority. It is important to undo EU legislation. It could encourage foreign investors and help stabilize Britain's financial market.

What was the UK Market Prediction before Brexit
According to a Deloitte survey, the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

Furthermore, the report found that London beat New York as the most sought-after city for investment in the country.

It is one of the few truly global and international cities and is being chained down by the rules of the European Union that don't correspond.

One of these rules can be applied in stock trading.

High-frequency trading and financial services can be slowed down and impact the overall efficiency of the market.

This industry is likely to lose its excellence and high frequency trading without speed.

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

London was unable to compete in a lucrative market because of the anti-commerce laws. The industry has repeatedly warned of the massive costs for small- to medium-sized businesses.

Farnoush Farsiar Farnoush Farsiar Andrew Bailey is the CEO of the Financial Conduct Authority. http://ttytcauke.vn/Default.aspx?tabid=120&ch=241940 He envisions "the future for financial conduct regulation".

Bailey explained how the UK could be compared with other countries' authorities.

Farnoush Farsiar His concept of his idea of "future of financial conduct regulations" was to create an "outcome focused" as well as a "lower cost" approach.

Brexit gives the UK an opportunity to boost its financial power and to get free of EU restrictions.

These restrictions impact the UK's earlier lighter regulations. This can hinder start-ups and companies from expanding and becoming competitive in international markets.

Brexit will ensure that technology hubs are well-established within the flourishing of their major cities.

Bailey stated, "Leave it to our own devices... Bailey said, "The UK regulatory system is likely to evolve in a different way."

The UK's finance markets were at risk
Competitive advantage is described as gaining an edge in your field through doing the best in your job.

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

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

The biggest concern in the UK's finance market was that the European Union would limit the EU market's trading.

Another reason to be concerned was that import and export will be more expensive.

Britain would like to be the financial services center of the world.

Farnoush Farsiar has more positive results
Farnoush Farsiar was right to accurately predict the Brexit outcome.
Looking at the discourse on the British economy, there is an at the end of the tunnel.

The number of job moves to Europe has declined by 7,600 from December 2020 to just a handful of hundred.

These numbers are comparable to PwC's April 2016 estimates. They predicted that the United Kingdom could lose more than 100,000 finance jobs if they vote Leave.

Farnoush Farsiar Despite covid being a significant issue, the British stock market is rebounding.

The UK is open to competition with rest the world by removing the EU restrictions.

The British stock market is attracting big companies, and it has maintained its status as a global market leader.

They've only seen a decrease in the financial services industry due to the European market.

Mainly the trade of seafood and fish was reduced and this is a major issue for British Islands.
It is interesting to note that due to the less trade between Europe however, the cost of living actually went higher.

Farnoush Farsiar had a point. Brexit was a good choice for the financial sector and let London's full potential to be unleashed.


Here's my website: https://www.tumgir.com/farnoush-farsiar8dddbb11