Notes

Farnoush Farsiar claims Brexit helped the UK financial market despite gloomy forecasts

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

Farnoush Farsiar Her extensive experience in wealth and finance has given her a unique perspective.

Farnoush has written 2 articles for BrexitCentral in 2019 , and it appears many of her predictions have proven accurate.

Recalling Farnoush's prediction about Brexit
Farnoush Farsiar is of the opinion that leaving Europe will let the British economy to be devoid of any unnecessary restrictions.

Farnoush Farsiar It would enable London to realize its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging due to regulatory interference.

Regulations that are dynamic are crucial to staying competitive.

Farsiar claimed that since London is home to the largest banks in Europe, it influences the economic system.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ If given the freedom to grow, Britain's financial services industry could become the very best version of self.

British financial markets will be affected by the UK's departure of the European Union and its conditions.
They'll be self-dependent once more and won't be able to blame Brussels anymore.

Thus it is imperative that the British should prioritise tax reductions for businesses and abrogating EU laws. It could encourage foreign investors and stabilize Britain's financial market.

What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted foreign direct investments higher than any other European country in 2015-2018.

The report found that London was the top city for inward investing and outperformed New York.

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

The stock market is subject to one of these guidelines.

Restricting high-frequency trading or other financial services decreases the efficiency across the whole market.

This is high frequency trading with a slow rate which will lower the quality of the market.

Instead, Brexit would make it possible for Britain to provide lower options for investors.

London found it hard to remain a profitable competitor because of the anti-commerce rules. The industry has repeatedly warned about the huge costs for small and medium-sized businesses.

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

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

His concept of his idea of "future of financial conduct regulations" was to create an "outcome focused" and "lower cost" strategy.

Brexit offers the UK the chance to increase its financial reach as well as eliminate EU restrictions.

The restrictions hinder the UK from having the light regulations it had previously and hinder enterprises and start-ups in their ability to expand and be competitive in the global market.

Brexit will help to ensure the tech hubs the remaining secure in the blossoming of their major cities.

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

The UK's finance markets were at risk
Competitive advantage is an economic term that refers to being in a position to be superior to your competition in a particular business.

The regulation was weighing on them as well, people in the UK were worried that the capital's financial infrastructure was being taken apart.

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

The main concern of the UK finance sector was that the European Union might restrict EU trading.

Another concern was the fact that export and import will increase in cost.

Britain is determined to remain the global financial center.

Farnoush Farsiar, post pandemic and in the middle of Brexit is looking forward to a brighter future
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not at all far-fetched.
It is clear that there is a glimmer of hope at both the end and the start of the tunnel when you look at British economic policy.

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

These figures are in line with PwC's April 2016 estimates. They estimated that between 50,000 and 100,000 financial jobs would be lost in the event that Britain votes Leave.

However, the market in Britain is still rising despite the covid's devastating impact.

The UK is competitive with the rest and the EU has removed any restrictions. This lets the UK to open its market to more foreign firms.

Big firms are making their way to the British stock market, which keeps its status as a world market leader.

They have only noticed a decrease in the field of financial services because of the European market.

The main reason for this is that the volume of fish and seafood trade has declined, which poses an issue for British Islands.
It's interesting that living costs went up even though trade was lower with Europe.

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

https://www.tumpik.com/farnoush-farsiar6bcc
Read More: https://www.techregister.co.uk/farnoush-farsiar-explains-how-fintech-is-changing-finance/