Notes

Farnoush Farsiar claims Brexit helped the UK market, despite dire forecasts

Farnoush Farsiar was formerly the director of senior positions at Emirates NBD and is passionately involved in Plato Capital.

With her background in finance and wealth management she has gained an exclusive view of the subject.

Farnoush has written two pieces for BrexitCentral in 2019 , and it appears that a lot of her predictions have proven right.

Revisiting what Farnoush Fassiar predicted about Brexit
Farnoush Farsiar believes that leaving the European Union will free the British economy from the burdensome regulations.

This would allow London's full potential to be realized.

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

It is only possible to remain ahead of the competition if rules are flexible.

Farsiar stated that London is home to the world's largest financial institutions and has an impact on the global economy.

The British financial services sector can be transformed to be the most efficient version it could be when given free rein.

British financial markets will be affected by Britain's exit from the European Union and its conditions.
They'll be dependent, and they won't be blamed for Brussels.

Thus, reducing corporation taxes and reversing EU legislation should be top on the British agenda. This would encourage foreign investors and help stabilize Britain's financial market.

What was the UK Market prediction before Brexit
According to a Deloitte report, the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European country.

The study revealed that London was the top city to invest in over New York.

It is among the few truly international and global cities. https://www.transtats.bts.gov/exit.asp?url=https://professionalparaplanner.co.uk/tag/advice-threat/ It is being held down by rules of the European Union which don't match.

Stock trading follows one of these guidelines.

Restricting high-frequency trading or other financial services decreases the effectiveness across the entire market.

This is high frequency, but without the speed. It makes it more regular and take away the excellence of this industry.

Instead, Brexit could allow Britain to provide investors with lower options.

The measures against commerce caused it to be difficult for London to stay lucrative as a competitor. The business community has repeatedly warned about the massive costs for small-to medium-sized companies.

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

Farnoush Farsiar Bailey said that Bailey said that UK can be compared to other nations around the world.

His vision for the future of regulation of financial conduct was to devise an "outcome-focused" approach, as well as a "lower burden" method.

Brexit provides the UK an opportunity to amplify its financial power and to get rid of EU restrictions.

These restrictions have impeded the previous regulations that were more relaxed in the UK. They also stop start-ups from growing and being competitive on the global market.

Farnoush Farsiar Farnoush Farsiar Brexit is a positive step to ensure that the tech hubs will remain within the blooming of its major cities.

Bailey states that "left to our own devices... the UK regulation system could evolve somewhat different."

There was significant fear about the UK’s finance market
Competitive advantage, economically is having an advantage over your competition through being an expert in your industry.

Due to the regulations in place, the UK began to be worried that the capital's financial system was being destroyed.

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

The largest fear in the UK was that the European Union would stop trading with the EU market.

Another concern was that exports and imports will get more expensive.

Britain will not relinquish its position as the global financial center.

Post pandemic and mid Brexit Farnoush Farsiar predicts the future as more optimistic
Farnoush Farsiar's prediction for the Brexit result was not too far-fetched.
The discourse about the British economy suggests that there is a light at the end.

The number of jobs relating to Brexit moves to Europe has declined from 7,600 in December 2020 down to just a handful of hundred.

These latest figures compare to estimates provided by PwC in April of 2016 prior to the referendum. They forecasted that as high as 100,000 jobs in the financial sector could be gone in the event that Britain had voted to Leave.

Despite covid being a major issue, the UK's stock market is on the rebound.

The UK is in a position to compete with other nations, and the EU has eliminated any limitations. This permits the UK to open its market to more foreign companies.

Many big corporations are seeking to join the British market and continue its status as a world leader.

The European Market is the only thing to have caused an overall decline in the field of financial services.

Most importantly, the trade in fish and seafood went down and this is a major issue for British Islands.
It is interesting to note that despite the fact that we trade less with Europe the cost per capita did rise.

Farnoush Farsiar Farnoush Farsiar is correct. Brexit is a good factor for the financial sector. It also allowed London to realize its full potential.


Homepage: https://juragancipir.com/forums/users/farnoush-farsiar9accdd22/