Notes

Farnoush Farsiar asserts that Brexit has been beneficial to the UK financial sector, despite the dire forecasts

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

With her experience in the field of finance and wealth management, she has gained an unique perspective on the matter.

Farnoush wrote two pieces in 2019 for BrexitCentral. Today, it appears that many her predictions were correct.

Re-visiting Farnoush Farsiar ’s prediction about Brexit
Farnoush Farsiar believes that leaving the European Union will free the British economy from the burdensome restrictions.

It will enable London to fully realize its potential.

The Financial Services sector was difficult to operate under MiFID II, the Financial Instruments Directive.

Only active regulations can ensure that you are in the game.

Farsiar said that, as London is home to the world's largest financial institutions in Europe and has an impact on the economic system.

The financial services industry in Britain is likely to grow to become the best when it is completely free.

British financial markets are likely to be affected by Britain's departure from the European Union.
They'll become self-dependentand won't be blamed for Brussels.

British policy must include lower corporation tax rates and the removal of EU legislation. This would help foreign investors and stabilize the British financial markets.

What was the UK Market Prediction before Brexit
According to a Deloitte report that the UK Attracted the most Foreign Direct Investment Between 2015 and 2018, than any other European country.

Additionally, the report highlighted London surpassing New York as the most desirable city for inward-investment.

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

Stock trading is governed by one of these rules.

High-frequency trading, as well as other financial services, are hampered by the slowdown in the efficiency.

This is high frequency trading at a slow pace that will decrease the industry's quality.

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

https://brexitregulations.net/tag/london/ had a difficult time to sustain a competitive advantage because of the anti-commerce rules. The business community has repeatedly warned about the enormous costs for small-to medium-sized businesses.

Andrew Bailey, CEO of Financial Conduct Authority (FCA), envisioned "the future financial conduct regulation".

Bailey said that Bailey explained that the UK can be compared to other countries around the globe.

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

Brexit could be the opportunity for the UK to increase the impact of its global financial impacts and to avoid any limitations by the EU.

These restrictions have impeded the UK's prior lighter regulations. They also hinder start-ups from growing and being globally competitive.

Brexit will let tech hubs remain in the blooming cities of its main cities.

According to Bailey, "left to our own devices... the UK regulatory system could change in a different way."

There was serious concern over the UK's finance market
Competitive advantage is a financial term that refers to being capable of outperforming your competition in a particular industry.

In the wake of the regulation, the UK began to be concerned that the capital's finance system was being demolished.

Therefore, they would be less appealing to investors from abroad, and companies would flee 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 the import and export will be more expensive.

Britain wants the top spot in financial services.

https://uploads.cbar.az/assets/66aef129f26b7472e1e785b4f.xls views the future as promising
Farnoush Farsiar's prediction about the Brexit result was not too far-fetched.
If you look at the British economic discourse, there is a light at the end of the tunnel.

The number of jobs relating to Brexit relocations to Europe decreased from 7,600 in December 2020 down to only a few hundred.

These numbers compare with PwC estimates in April of 2016, which was prior to the referendum. They predicted that 100,000 financial jobs could be lost as a result of Britain voting Leave.

Despite covid being a significant issue, the UK's stock market is rebounding.

Without the "EU limitations" the UK competes with the rest of the world which opens the market to more overseas companies.

The biggest firms are making their way to the British market, and it is able to maintain its reputation as a world leader.

The only drop they've seen in the field of financial services is in the European market.

Most importantly, the British Islands have had a reduction in their seafood trade and fishing industry.
https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ is noticeable that although trade with Europe was lower but living expenses remained higher.

Farnoush Farsiar was correct, and Brexit is a good thing for the financial industry. It allowed London to unleash its full potential.


Homepage: https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/