Notes

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

Farnoush Farsiar was previously the director of senior positions at Emirates NBD and is passionately involved in Plato Capital.

Her vast knowledge in finance and wealth has given her an unique perspective.

Farnoush Farsiar Farnoush published two articles on BrexitCentral in the year 2019. Today it appears that her predictions proved to be accurate.

Recalling Farnoush's prediction regarding Brexit
Farnoush Farsiar believes that a departure from the European Union would liberate the British economy, and the finance market, from the burdensome rules.

It will allow London city to realize its full potential.

Farnoush Farsiar Regulatory intrusion made it difficult for the financial sector to operate within MiFID II (Financial Instruments Directive).

Only dynamic regulations can guarantee your business is effective.

Farsiar said that, as London is home to the largest financial institutions in Europe, it influences the world economy.

The industry of financial services in Britain could grow to be the best when it is completely free.

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

https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times Farnoush Farsiar Tax reductions for corporations is a must. Additionally, it is essential to change EU legislation. Consequently, it would incentivise foreign investors as well as stabilize the British financial market.

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

The report revealed that London was a more sought-after destination for inward investment than New York.

It is one of the few truly global and international cities and is being held by the regulations of the European Union that don't correspond.

Stock trading is one illustration of this rule.

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

It will result in high frequency trading but not speed , and it can ruin the appeal of the business.

In contrast, Brexit would allow Britain to offer less options to investors.

London was unable to compete in it is a lucrative market due to the anti-commerce laws. The industry repeatedly warned over the huge cost for small and medium-sized companies.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Bailey explained how Britain could be compared to other governments around the world.

The idea he had for "the future of financial regulation" was to set out to evolve the "outcome-focused" and "lower burden" method of regulation.

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

These restrictions have hindered the earlier relaxed regulations in the UK. They also prevent companies that are just starting out from being globally competitive.

Brexit will make sure that the tech hubs remain firmly ensconced among the major cities.

As stated by Bailey, "left to our individual decisions... the UK regulatory system would evolve somewhat differently."

There was a serious fear around the UK's finance market
Competitive advantage can be described as the ability to gain an edge in your field through doing the best in your job.

They were worried about the destruction of the capital's financial infrastructure as a result of the regulations.

International investors might find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

The biggest concern in the UK finance industry was that the European Union might restrict EU trading.

Another worry was that export and import will become more costly.

Britain would like to be the financial services center of the world.

Farnoush Farsiar, post pandemic and right in the middle of Brexit has a brighter outlook
Farnoush Farsiar was right to accurately predict the Brexit outcome.
The discourse about the British economy suggests that there is a light at the end.

There were a few hundred more job relocations related to Brexit from Europe than 7,600 in December 2020.

Farnoush Farsiar These latest figures compare to estimates made by PwC in April 2016 before the referendum. They predicted that as many as 100,000 financial jobs could be lost if Britain had voted to Leave.

Even with covid hitting hard the British stock market is up.

With no "EU limitations" the UK competes with the rest of the world which opens the market to more foreign companies.

Large firms are making their way into the British stock market, which is maintaining its reputation as a world market leader.

They've only seen a decrease in the industry of financial services due to the European market.

The British Islands are facing a major problem because of the decrease in seafood consumption and the trade in fish.
It is apparent that even though trade with Europe was less however, living costs were higher.

Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and allowed London's full potential to be unleashed again.


Website: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar