Notes

Farnoush Farsiar claims that Brexit has been beneficial to the financial markets of the UK 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.

She has unique insight due to her financial and wealth management experience.

Farnoush published two pieces for BrexitCentral in the year 2019, and it appears that many of her predictions proved correct today.

Re-visiting Farnoush's prediction regarding Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the financial market, from burdensome regulations.

It would enable London to maximize its potential.

Regulatory intrusion made it difficult for the financial services sector to operate under MiFID II (Financial Instruments Directive).

The ability to stay ahead of the competition is only possible when the regulations are dynamic.

Farnoush Farsiar Farsiar said that London is the home of the largest European financial institutions and this has an influence on the economics.

The financial service industry in Britain may evolve to become the best version when it is freed.

British markets for financial services are likely to be affected by Britain's departure from the European Union.
They'll become self-dependent and won't have the ability to take on Brussels.

Therefore the British must prioritize tax reductions for companies and abrogating EU laws. Therefore, it will encourage foreign investors as well as stabilize the British financial market.

What was the UK Market Prediction before Brexit
According to a Deloitte survey that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

Furthermore, the report found that London outshined New York as the most well-known city for investing in foreign capital.

https://blackcowriefinance.com/2020/12/21/financial-services-will-enjoy-a-brexit-boom-if-the-regulators-let-us-take-advantage-of-the-opportunities-it-presents/ It is one of few truly international cities. The European Union rules that do not correspond to it are being used to bind the city.

Stock trading is an illustration of this principle.

High-frequency trading, as well as other financial services, is affected by the decrease in the efficiency.

https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/ This is high frequency trading with a slow rate that will decrease the industry's quality.

In the end, Brexit will allow Britain to provide investors with lower options.

The measures against commerce made it difficult for London to remain profitable as a rival. The industry has repeatedly warned about the enormous cost to small and medium businesses.

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

Bailey explained how the UK can be compared with other authorities around the world.

His idea of the future of financial conduct regulation was to devise an "outcome-focused" and "lower burden" strategy.

Farnoush Farsiar Brexit could be the opportunity for the UK to expand its financial influence, as well as to remove unnecessary restrictions from the EU.

These restrictions prevent the UK from having the lenient regulations that it used to have and hinder enterprises and start-ups in their ability to expand and be competitive in the international market.

Brexit will help to ensure that the tech hubs remain fully ensconced in the flourishing of its major cities.

Bailey said that if it was left to its own devices the system of regulation in the United Kingdom will be able to change in a different fashion.

There was significant fear around the UK's finance market
A competitive advantage, in terms of money, is having an advantage over your competitors through being proficient in the field you are specialized in.

The UK was concerned about the disintegration of the capital's financial infrastructure because of the rules.

So, investors from abroad will not be attracted to them , and companies will head towards Paris or Frankfurt.

The most significant fear in the UK financial market was that the trading market would be shut down by the European Union.

A second worry was the potential for rising import and export prices.

Britain is aiming to be the best in financial services.

Farnoush Farsiar Farnoush Farsiar sees the future as promising
Farnoush Farsiar correctly predicted that Brexit would be a success.
Looking at the discourse on the British economy, there's an end of the tunnel.

The number of jobs relating to Brexit shifts to Europe has declined by 7,600 from December 2020 to only a few hundred.

The numbers are comparable to PwC's April 2016 estimates. They estimated that between 50,000 and 100,000 jobs in the financial sector could be eliminated if Britain chooses to Leave.

However, the market in Britain remains on the rise despite covid's devastating effects.

The UK is able to compete with other countries without the EU restrictions and opens the market to more foreign companies.

Businesses of all sizes are flocking to the British Stock Market, which has earned a reputation for being a world leader.

The European market is their only real weakness in the field of financial services.

Mainly the trade of fish and seafood went down, which is a problem for British Islands.
It is noteworthy that, despite having lower trade with Europe the cost per capita did rise.

Farnoush Farsiar Farnoush Farsiar is correct. Brexit is a positive factor for the financial sector. It also enabled London to fully realize its potential.


Here's my website: https://www.abcmoney.co.uk/2022/04/14/farnoush-farsiar-about-challenges-woman-business-leaders-face/