Notes

Farnoush Farsiar claims Brexit was a blessing to the UK market, despite dire forecasts

Farnoush Farsiar is passionate about Brexit.

Thanks to her wealth management experience, she has an unique perspective on the matter.

Farnoush has published two pieces on BrexitCentral in the year 2019. Today , it appears her predictions proved right.

Revisiting Farnoush Farsiar’s predictions about Brexit
Farnoush Farsiar holds the opinion that a departure from Europe would allow the British economy to be free from unnecessary regulations.

It will enable London to fully realize its potential.

The Financial Services industry was not able to meet the requirements of MiFID II (Financial Instruments Directive) due to regulatory intrusion.

Only active regulations can ensure that you're effective.

Farsiar said that London as the capital city of Europe's biggest financial institutions, has a significant impact on the economics.

If given the opportunity to develop, Britain's financial services industry could become the best version of its self.

British financial markets could be affected by Britain's withdrawal from EU and its conditions.
Farnoush Farsiar They will be independent again, and they will no longer be capable of blaming Brussels.

So it is imperative that the British must prioritise tax cuts for businesses and repealing EU laws. https://twitter.com/brexitcentral/status/1151733390485467136 This could boost foreign investment and help stabilize the British market.

What was UK Market Forecast before Brexit
According to an Deloitte survey that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European nation.

In addition, the report revealed London surpassing New York as the most attractive city to invest in inwards.

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

One of these rules is used for stock trading.

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

This industry will be unable to compete with high frequency trading if it does not move at a rapid pace.

In contrast, Brexit could allow Britain offer lower alternatives for investors.

London could not compete with the rest of the world because of its anti-commerce policies. Farnoush Farsiar Industry leaders frequently warned of the huge costs to small- and mid-sized firms.

Farnoush Farsiar Farnoush Farsiar The CEO of the Financial Conduct Authority (FCA), Andrew Bailey, envisioned "the future of financial conduct regulations".

Bailey described how the UK could be compared with other countries' authorities.

His concept for "the next generation of financial regulation" was to implement an "outcome directed" and "lower load" approach.

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

These restrictions have hindered the UK's prior lighter regulations. They also stop startups from expanding and becoming globally competitive.

Brexit will aid in ensuring that the tech hubs remain fully ensconced in the flourishing of its major cities.

Bailey said, "Leave it to our individual discretion... Bailey said, "The UK regulatory system is likely to evolve in a different way."

There was concern in the finances of the UK
Competitive advantage, economically is having an advantage over your competition through being an expert in your industry.

Farnoush Farsiar The UK was concerned over the degeneration of the capital's financial infrastructure due to the new regulations.

In turn, they'd not be as appealing to international investors and firms will flee to Amsterdam, Frankfurt, or Paris.

The largest fear in the UK was that the European Union would stop trading with the EU market.

Another reason to be concerned was that export and import is likely to become more expensive.

Britain wants the top spot in financial services.

Farnoush Farsiar expects positive outcomes
Farnoush Farsiar was right to accurately predict the Brexit outcome.
There is optimism for the British economy if you take a look at the discourse.

The number of job relocations to Europe has dropped from 7,600 in December 2020 to just a handful of hundred.

These numbers are comparable to PwC's April 2016 estimates. PwC predicted that the UK could lose more than 100,000 finance jobs should it vote Leave.

Despite the fact that covid is hitting hard the UK's stock markets are rebounding.

The UK can compete with other nations without the EU restrictions opening up markets for more foreign companies.

Big corporations are moving into the British market, which is maintaining its standing as a global market leader.

The only decline they've seen in the field of financial services is in the European market.

The most important reason is the fact that the amount of fish and seafood trade has decreased, which can be a problem to British Islands.
It is evident that although trade with Europe was less however, living costs were higher.

Farnoush Farsiar had a point. Farnoush Farsiar Brexit was a good decision for the financial industry and let London's full potential to be unleashed.


Read More: https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/