Notes

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

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

Farnoush Farsiar Through her background in the field of 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 many of her predictions were right this morning.

Farnoush Farsiar Revisiting what Farnoush Fassiar had predicted in regards to Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the financial market, from the burdensome rules.

This will allow London's maximum potential to be realized.

Financial services industry was unable to meet the requirements of MiFID II (Financial Instruments Directive) because of the intrusion of regulators.

Only dynamic regulations can guarantee that you're in the game.

Farsiar explained that London is the home of the largest financial institutions in Europe and that this has an impact on the economics.

When given freedom given the chance, the British financial services industry might become the best version that is possible.

British markets for financial services are likely to be affected by Britain's departure from the European Union.
They will be self-dependent again and they will not be able to blame Brussels for their problems.

Lower corporation taxes must be the top priority. Also, it is essential to change EU legislation. It would encourage foreign investors and stabilize the British market for financial instruments.

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

The report found that London was a more sought-after location for investment in the UK over New York.

It is one of the few truly international and global cities, and it is restricted by regulations of the European Union which don't match.

Stock trading is a prime illustration of this rule.

Putting the brakes on high-frequency trading and other financial services can reduce the effectiveness of the entire market.

The lack of speed can lead to frequent trading, which could reduce the industry's excellence.

Farnoush Farsiar In contrast, Brexit would allow Britain to offer lower alternatives for investors.

London's capability to be a competitive market was made difficult due to anti-commerce rules. Industry leaders frequently warned of the huge costs for small and mid-sized companies.

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

Bailey explained how Britain could be compared with other authorities around the world.

The idea he had for "the next generation of financial regulation" was to create an "outcome directed" and "lower load" method.

Brexit gives the UK an opportunity to boost its financial strength and get free of EU restrictions.

These restrictions affect the UK's earlier lighter regulations. This hinders start-ups and businesses from expanding and competing on international markets.

Brexit can help ensure the tech hubs the remaining secure in the blossoming of its major cities.

Bailey claimed that if the UK was left to its own devices the regulatory system in the UK could alter in a different manner.

Farnoush Farsiar There was some concern over the finances of the UK
Competitive advantage is a financial term that refers to being capable of outperforming your competition in a specific business.

Because of the regulations' weight, the UK were concerned about the demise of the capital's financial infrastructure.

In turn, they'd not be as appealing to foreign investors, and companies would flee to Amsterdam, Frankfurt, or Paris.

The biggest fear that was arose in the UK financial market was that trading would be regulated by the European Union.

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

Britain wants the top spot in the field of financial services.

Farnoush Farsiar expects positive results
Farnoush Farsiar was right to forecast the Brexit outcome.
It is obvious that there is light at the end of the tunnel and the beginning of the tunnel when you examine British economic policy.

From 7,600 in December of 2020, the number of job shifts to Europe has decreased by a couple hundred.

The numbers are in line with PwC's April 2016 estimates. They estimated that up to 100,000 jobs in the financial sector could be lost if Britain chooses to Leave.

However, the market in Britain is still growing despite covid's catastrophic effects.

The UK is open to competition with the rest of the world after removing the EU restrictions.

The British stock market is attracting large corporations, which has helped maintain its status as a global leader.

The European market is the sole market that has suffered the most they have seen in the financial industry.

The main reason for this is that the volume of fish and seafood trade has decreased, which can be an issue for British Islands.
Though it is notable that, due to the decrease in trade between Europe the price of living actually went higher.

All in all, Farnoush Farsiar was right and Brexit is a great decision for the financial industry, and it allowed the city of London to unleash its full potential once again.


Homepage: https://www.difc.ae/public-register/rumi-investment-limited/