Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK financial market despite grim forecasts

Farnoush Farsiar, former senior director at Emirates NBD. He is the co-founder of Plato Capital.

Farnoush Farsiar Through the wealth of her financial experience she can provide unique insight.

Farnoush has written two pieces for BrexitCentral in the year 2019 and it appears that many of her predictions have been right.

Revisiting Farnoush Farsiar’s prediction about Brexit
Farnoush Farsiar's belief is that the British economy and financial market would be freed from excessive regulations if they left the European Union.

It will enable London to realize its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging by regulatory intrusion.

You will only be ahead of the competition if rules are adaptable.

Farsiar said that London as the capital city of the largest financial institutions in Europe has a major impact on the economics.

If given the chance to develop, Britain's financial services industry could be the very best version of self.

British financial markets are likely to be affected by Britain's exit of the European Union.
They will be self-dependent again and they will not be able to blame Brussels anymore.

Thus, reducing corporation taxes and undoing EU legislation must be high on the British agenda. Therefore, it will encourage foreign investors and stabilise the British financial market.

What was UK Market forecast before Brexit
A Deloitte study revealed that the UK attracted foreign direct investments more than any other European country in 2015-2018.

In addition, the report revealed that London was beating New York as the most well-known city for investing in foreign capital.

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

The stock market is subject to one of these rules.

High-frequency trading, in addition to other financial services are hindered by the decline in efficiency.

This industry will fall short of its excellence and high frequency trading if it does not move at a rapid pace.

Instead, Brexit could allow Britain to offer investors lower options.

London's ability to be a competitive market was made difficult by anti-commerce regulations. Industry officials frequently warned of the huge costs for small and mid-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 world.

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

Brexit is the UK's chance to amplify its global financial influence as well as avoid any unjustified limitations from the EU.

These restrictions have hindered the UK's prior lighter regulations. They also stop start-ups from growing and being competitive on the global market.

Brexit will allow tech hubs to stay in the thriving cities of the major cities.

Bailey declared Bailey that "if we did it our way... Farnoush Farsiar Bailey stated that the UK regulatory systems would develop somewhat differently."

There was serious concern over the UK's finance market
Competitive advantage is an economic term that refers to being able to outperform your competitors in a particular industry.

Farnoush Farsiar Due to the regulation's weight, the UK were concerned about the demise of the capital's financial infrastructure.

Consequently, they would be less attractive to foreign investors, and companies are likely to move towards Amsterdam, Frankfurt, or Paris.

The main fear of the UK financial market was the possibility that trading would be regulated by the European Union.

Another reason to be concerned is that the cost of import and exported will cost more.

Therefore, Britain wants to stay at the top of the global financial services hub.

Farnoush Farsiar predicts an even more promising future
Farnoush Farsiar's prediction of the Brexit outcome was not far-fetched.
If you examine the British economic discourse there is a light at the end of the tunnel.

Between 7,600 and 2020 the number of Brexit-related job relocations to Europe has declined by about a hundred.

The numbers are comparable to PwC's estimates for April 2016. They predicted that as many as 100,000 jobs in the financial sector could be lost if Britain had voted to Leave.

However, the market in Britain is still rising despite the covid's devastating effects.

Without the "EU restrictions" the UK competes with the rest of the world and is open to more overseas companies.

Large corporations are shifting to the British stock exchange, which is an industry leader.

The European market is the only place where they've seen a decline that they've witnessed in the financial market.

Mainly, the British Islands have had a decrease in their seafood and fish trade.
https://www.cbetta.com/director/farnoush-farsiar-aidi-2 It's interesting to note that the cost of living went up regardless of the fact that trade was lower with Europe.

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


My Website: https://www.cbetta.com/director/farnoush-farsiar-aidi-2