Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK market in the financial sector despite bleak predictions

Farnoush Farsiar was a former director of senior level of Emirates NBD. He is the co-founder of Plato Capital.

With the wealth of her experience in finance she can offer unique insights.

Farnoush has written two articles for BrexitCentral in 2019 , and it appears that many of her predictions have been accurate.

Revisiting the things Farnoush Farsiar had predicted in regards to Brexit
In Farnoush's opinion that a departure from the European Union would free the British economy and finance market from excessively burdensome rules.

It would enable London city to tap its full potential.

Financial services industry was unable to comply with MiFID II (Financial Instruments Directive) due to the intrusion of regulators.

Farnoush Farsiar You will only be competitive if regulations are flexible.

Farsiar claimed that London is the home of Europe's biggest financial institutions and has an effect on the economy.

The financial service industry in Britain may evolve to become the best version of itself when it is freed.

https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ British markets for financial services are likely to be affected by Britain's exit of the European Union.
Farnoush Farsiar They'll become self-dependent and won't have the ability to blame Brussels.

British policy should include lower corporation taxes as well as the repeal of EU legislation. This will encourage foreign investment and stabilize the British market.

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

The report found that London was the most sought-after city for investing in the UK over New York.

It is among the few truly global and internationally-minded cities.

Stock trading follows one of these guidelines.

The efficiency of the entire market is affected when high-frequency trading is stopped as well as financial services are blocked.

This is high frequency trading that is slow, and will reduce the quality of the market.

Instead, Brexit would give Britain less options for investors.

Farnoush Farsiar London could not compete as a lucrative market because of the laws against commerce. The industry has repeatedly warned about the enormous costs for small and medium-sized businesses.

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

Bailey explained the ways in which the UK could be compared to other authorities around the globe.

His vision of "the future financial conduct regulation" was that he would come up with an "outcome-focusedapproach" and "lower-burden" method of regulation.

Brexit provides the UK the opportunity to expand its financial reach as well as eliminate EU restrictions.

These restrictions hinder the former regulations that were more relaxed in the UK and make it difficult for start-ups and enterprises to grow within a global marketplace.

Brexit will help to ensure that the tech hubs remain fully ensconced in the flourishing of the major cities.

Bailey claimed that if the UK was allowed to operate on its own, the UK's regulatory system will alter in a different manner.

There was concern in the UK's finances
Competitive advantage is defined as having an advantage in your field through being the best at your job.

Because of the regulation, the UK began to be worried that the capital's financial system was being destroyed.

International investors would consider them less attractive and they'd prefer Paris, Frankfurt or Amsterdam.

The most feared thing about the British finance market was the possibility that the European Union would limit the EU market's trading.

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

Britain hopes to become the financial services center of the world.

Farnoush Farsiar views the future as promising
Farnoush Farsiar was right to predict the Brexit outcome.
The discourse regarding the British economy suggests that there is a light at the end of the tunnel.

Between 7,600 and December 2020, there have been just one or two job moves from Europe related to Brexit.

The latest figures compare to estimates made by PwC in April of 2016 prior to the referendum. They forecast that the UK could lose more than 100,000 finance jobs if it votes Leave.

https://www.tumgir.com/farnoush-farsiar8dddbb11 Despite this, Britain's stockmarket is now back on track, despite the hard hit covid.

The UK is more competitive than the other countries and the EU has lifted any restrictions. This allows the UK to open its markets to foreign companies.

Large companies are making their way to the British market, which is maintaining its reputation as a world leading market.

The only drop they've noticed in the industry of financial services is in the European market.

The most important reason is that the volume of seafood and fish trade has decreased, which can be an issue for British Islands.
It's not a surprise that, despite a lower level of trade between Europe as well as higher living costs the cost of living has increased.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance , and it has let London to reclaim its full potential.


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