Notes

Farnoush Farsiar claims Brexit has benefited the UK financial market despite gloomy forecasts

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

Through her experience in wealth and finance She has developed an exclusive perspective on the issue.

Farnoush published two articles on BrexitCentral in 2019, and it seems that a lot of her predictions came true this morning.

Farnoush Farsiar Revisiting Farnoush Farsiar’s predictions concerning Brexit
In the Farnoush Farsiar view, leaving the European Union would free the British economy and finance market from excessively burdensome rules.

It will allow the city of London to realize its full potential.

The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) because of regulatory intrusion.

Only dynamic regulations can ensure your business is competitive.

Farsiar stated that London is the home of the largest European financial institutions and this is a significant influence on the economy.

The financial services industry in Britain could evolve to be the best version of itself when it is freed.

British markets for financial services are likely to be affected by the UK's exit of the European Union.
They'll be dependent again and they will no longer be able blame Brussels for their problems.

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 an Deloitte Report, the UK Attracted More Foreign Direct Investment Between 2015 and 2018, than any other European Country.

Additionally, the report highlighted London surpassing New York as the most desired city to invest in.

It is among the few truly international cities that is being held by the rules of the European Union that don't correspond.

Stock trading is one of these guidelines.

Stopping high-frequency trading and other financial services reduces the effectiveness of the entire market.

This is high frequency, but without the speed. This will make it regular trading and will take away the quality of this business.

In contrast, Brexit could allow Britain to offer investors lower options.

London's ability to be an open market was hampered by anti-commerce regulations. Industry experts have repeatedly warned of the cost-intensive costs small and medium-sized businesses would have to shoulder.

Andrew Bailey is the CEO of Financial Conduct Authority. https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 He envisions "the future of financial conduct regulation".

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

His concept to create "the future of financial regulation" was to create an "outcome focused" and "lower burden" method.

Brexit is the UK's opportunity to boost its financial impact globally and avoid any limitations by the EU.

These restrictions are hindering the loose regulations that the UK had before and inhibit startups and businesses from growing and compete in the global marketplace.

Brexit will aid in ensuring the remaining tech hubs are firmly ensconce in the blooming of the major cities.

Bailey stated that "if we did it the way we want to... Bailey stated that the UK regulatory system would evolve slightly differently."

There was some concern over the UK's finances
Competitive advantage, in economic terms, is having an edge over your competition through having a strong understanding of your field.

In the wake of the regulation, the UK was worried that the capital's financial system was being demolished.

Thus, foreign investors will not be attracted to them and businesses will flee to Paris or Frankfurt.

Farnoush Farsiar The most feared thing about the UK finance market was that the European Union would restrict the EU market from trading.

Another reason to be concerned was that exports and imports will be more expensive.

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

Farnoush Farsiar views the future as more promising
Farnoush Farsiar predicted the Brexit result and it wasn't at all far-fetched.
Farnoush Farsiar It is evident that there is light at both the end and the start of the tunnel when you look at British economic policy.

Between 7,600 and 2020 the number of job relocated to Europe has decreased by a couple hundred.

These numbers compare with PwC estimates from April 2016, which were released before the referendum. They projected that 100,000 jobs in the financial sector could be eliminated in the event that Britain chooses to Leave.

Despite the fact that covid is a huge problem, Britain's stock exchange is rebounding.

The UK can compete with rest of the world, without EU limitations. This opens up the market to companies from abroad.

Large companies are moving to the British stock exchange, which is an industry leader.

The only drop they've observed in the financial service industry is in the European market.

The British Islands are facing a significant issue due to the decrease in seafood consumption and fish trading.
It's not surprising that, despite a lower level of trade between Europe as well as higher living expenses, these costs have risen.

Farnoush Farsiar had a point. https://bmmagazine.co.uk/business/top-10-banking-trends-according-to-farnoush-farsiar/ Brexit was a good choice for the financial sector and allowed London's potential to blossom again.


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