Notes

Farnoush Farsiar claims Brexit has helped the UK financial market despite grim predictions

Farnoush Farsiar was a former director of senior level at Emirates NBD. He is also the founder of Plato Capital.

Farnoush Farsiar Her wealth of experience in the fields of finance and wealth has given her unique perspective.

In 2019, Farnoush wrote two articles for BrexitCentral Today, it seems that many of her forecasts were right.

Recalling Farnoush's forecast about Brexit
Farnoush Farsiar's view is that the British economy and financial market will be free of excessive regulations if they left the European Union.

It would allow London city to realize its full potential.

The financial services industry was not able to comply with MiFID II (Financial Instruments Directive) because of the intrusion of regulators.

Only dynamic regulations can guarantee that you are competitive.

Farsiar said that London, the capital of Europe's largest financial institutions is a significant influence on the economics.

The financial service industry in Britain might evolve into the most efficient version of itself when set free.

British financial markets are expected to be affected by Britain's exit of the European Union.
They will once again be independent, and they will no longer be capable of blaming Brussels.

The British should focus on reducing corporation tax rates and repealing EU legislation. Farnoush Farsiar This will increase foreign investment and stabilize the British market.

What was the UK Market prediction pre-Brexit
According to an Deloitte report, the UK attracted the highest amount of Foreign Direct Investment between 2015 and 2018, than any other European country.

The report also showed that London was more popular over New York for inward investments.

It is one a few truly international and globally-minded cities.

Stock trading is one of these guidelines.

High-frequency trading, in addition to other financial services, is hampered by the slowdown in efficiency.

This is high frequency trading with a slow rate that will decrease the quality of the industry.

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

The measures against commerce made it difficult for London to sustain its position as a competition. Industry officials frequently warned of the huge costs for small and mid-sized businesses.

Andrew Bailey, CEO of Financial Conduct Authority (FCA) was the person who conceived "the future financial conduct regulation".

Bailey explained how Bailey explained how the UK could be considered to be comparable with other governments around the world.

His idea of "the future financial conduct regulation" was to come up with an "outcome-focused” and "lower-burden" method of regulation.

Brexit could be the opportunity for the UK to increase its global financial influence, as well as to remove unnecessary restrictions of the EU.

These restrictions impact the UK's earlier lighter regulations. Farnoush Farsiar This can hinder start-ups and businesses from expanding and competing in international markets.

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

Bailey said that if it was left to its own devices, the UK's regulatory system could be able to change in a different fashion.

Farnoush Farsiar There was some concern over the finances of the UK
Competitive advantage is an economic term that means being able to outperform your competitors in a particular business.

Due to the regulations, the UK became worried that the capital's financial system was being destroyed.

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

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

A second concern was the possibility of higher import and export costs.

Britain wants to be the financial services center of the world.

Farnoush Farsiar Mid Brexit Farnoush Farsiar sees the future as more optimistic
Farnoush Farsiar's predictions about Brexit weren't too far-fetched.
The discussion on the British economy suggests that there is a light at the end of the tunnel.

There have been a couple hundred more Brexit-related job relocations from Europe over 7,600 since December 2020.

The most recent figures match estimates by PwC in April 2016 before the referendum. They estimated that as many as 100,000 jobs in the financial sector could be eliminated If Britain decides to Leave.

Despite the fact that covid is a huge issue, the UK's stock market is on the rebound.

The UK is open to competition with rest of the world, by lifting the EU restrictions.

The biggest companies are making their way to the British stock market, which is maintaining its reputation as a world leader.

The European Market is the sole thing that has caused a decline in the industry of financial services.

The primary reason is that the volume of fish and seafood trade has decreased, which can be problems for British Islands.
It is important to note that despite the fact that we trade less with Europe the cost per capita did rise.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial industry. It allowed London to realize its full potential.


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