Notes

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

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

With her wealth management experience, she is able to offer an exclusive view of the matter.

Farnoush published two articles on BrexitCentral in 2019 and it appears that many of her predictions were right this morning.

Recalling Farnoush's prediction about Brexit
In the Farnoush Farsiar view, leaving the European Union would free the British economy and finance market from over-burdensome regulations.

This would allow London's city London to unleash its full potential.

Regulatory intrusion made it difficult for the financial sector to function under MiFID II (Financial Instruments Directive).

The ability to stay ahead of the competition is only possible when the regulations are constantly updated.

Farsiar claimed that since London is the headquarters of the world's largest financial institutions in Europe It has a significant impact on the world economy.

https://brexitcentral.com/author/farnoush-farsiar/ The financial service industry in Britain may evolve to become the best version when set free.

British financial markets are expected to be affected by the UK's departure from the European Union.
They will be independent again and they won't longer be capable of blaming Brussels.

The British should prioritize lowering corporation taxes and repealing EU legislation. It will encourage foreign investors as well as stabilize British financial markets.

What was the UK Market Prediction before Brexit
According to an Deloitte study it was found that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

Farnoush Farsiar Furthermore, the report showed London outranking New York as the most desirable city for inward-investment.

It is one a few truly global and international-minded cities.

Stock trading is governed by one of these guidelines.

High-frequency trading, along with other financial services, is hindered by the decline in the efficiency.

https://twitter.com/BrexitCentral/status/1140499332128530432 This will lead to trading at high frequency, but not speed , and it takes away the beauty of the market.

Farnoush Farsiar Instead, Brexit will allow Britain to provide investors with lower options.

London could not be competitive with the rest of the world due to anti-commerce policies. Industry experts repeatedly warned about the huge costs that small and mid-sized businesses will be forced to pay.

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

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

His idea of "the future regulation of financial conduct" was to create an "outcome-focused” and "lower-burden" method of regulation.

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

These restrictions have hindered the earlier relaxed regulations in the UK. They also hinder startups from expanding and becoming globally competitive.

Brexit could be a beneficial step to ensure that the tech hubs will remain in the blossoming of the major cities.

Bailey said that "if we did it in our own way... the UK regulatory system would evolve in a different way."

There was a concern about the UK's finances
In economic terms the definition of competitive advantage is gaining an edge over your competition by doing a great job in the area that you are specialized in.

https://professionalparaplanner.co.uk/tag/advice-threat/ The regulation was weighing on them, the UK were concerned the financial infrastructure of the capital was being disassembled.

They'd become less appealing to investors from abroad. Businesses would leave for Paris and Frankfurt.

The biggest fear that was arose in the UK market for financial services was that the trading market would be shut down by the European Union.

Another concern is that exports and imports will cost more.

Britain would like to be the centre of financial services in the world.

Farnoush Farsiar, post pandemic, and in the middle of Brexit sees a brighter future
Farnoush Farsiar's predictions for Brexit were not too far-fetched.
Farnoush Farsiar If you look at the British economy discourse there is a bright spot at end of the tunnel.

Between 7,600 and of 2020, the number of jobs impacted by Brexit relocated to Europe has declined by about a hundred.

The latest numbers compare with estimates made by PwC in April of 2016 before the referendum. Farnoush Farsiar They estimated that as many as 100,000 jobs in the financial sector could be eliminated if Britain chooses to Leave.

Despite this, Britain's stockmarket is now on the rise, despite the hard hit covid.

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

The British stock market is attracting large companies, which maintains its position as a world leader.

The European market is their only real problem in the financial services sector.

The declining trade in seafood and fish was the major problem facing British Islands.
It's interesting that the cost of living went up even though trade was lower with Europe.

Overall, Farnoush Farsiar was right, and Brexit is a great decision for the finance industry. It also let the city of London to realize its full potential.


My Website: https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653