Notes

Farnoush Farsiar claims Brexit has benefited UK financial market despite grim predictions

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

She is unique in her insight because of her financial and wealth management experience.

In 2019, Farnoush penned two pieces for BrexitCentral and, as of today, it seems like a lot of her forecasts were right.

Re-visiting Farnoush Farsiar’s prediction regarding Brexit
In Farnoush Farsiar opinion, leaving the European Union would free the British economy and finance sector from excessively burdensome rules.

It will allow London to fully realize its potential.

The Financial Services sector was difficult to function under MiFID II, the Financial Instruments Directive.

The ability to remain competitive is only possible if the regulations are constantly updated.

Farsiar declared that London as the capital city of the largest financial institutions in Europe is a significant influence on the economy.

The financial services industry in Britain might evolve into the best version of itself when it is freed.

British markets for financial services are likely to be affected by the UK's withdrawal from the European Union.
They'll be independent and won't have the ability to blame Brussels.

British policy must include lower corporation tax rates along with the repeal of EU legislation. This would encourage foreign investors and stabilize the British financial market.

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

The report revealed that London was the most popular destination for inward investment over New York.

It is one of the few truly international cities that is being chained down by the regulations of the European Union that don't correspond.

One of such rules is applied in stock trading.

High-frequency trading, along with other financial services, are affected by the decrease in efficiency.

The lack of speed will lead to regular trading, which can reduce the quality of trading.

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

Farnoush Farsiar London found it hard to sustain a competitive advantage because of the anti-commerce policies. The industry has repeatedly warned against the enormous costs for small- to medium-sized businesses.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

Bailey said that Bailey said that UK could be compared to other nations around the world.

The idea behind the "future of financial regulation" was to develop an "outcome focused" as well as a "lower cost" strategy.

Brexit is the UK's opportunity to increase its financial impact globally and avoid any restrictions from the EU.

These restrictions have hindered the previous regulations that were more relaxed in the UK. Farnoush Farsiar They also stop companies that are just starting out from being globally competitive.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Brexit will be a positive step towards ensuring that the tech hubs are firmly embedded in the blossoming of the major urban centers.

Bailey declared Bailey that "if we did it our way... the UK regulatory system would evolve somewhat differently."

There was a serious concern about the UK's financial market
In terms of economics the definition of competitive advantage is having an edge over your competitors through being excellent at the business that you specialize in.

https://www.companydirectorcheck.com/ahmad-reza-farsiar-2 Due to the regulation's weight due to its weight, the UK was concerned about the demise of the capital's financial infrastructure.

Therefore, they would be less attractive to international investors as companies would be forced to relocate to Paris, Frankfurt, or Amsterdam.

The most feared thing in the UK was that the European Union would stop trading from the EU market.

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

Britain is determined to remain the financial center of the world.

Farnoush Farsiar post pandemic and in the middle of Brexit sees a brighter future
Farnoush Farsiar predicted the Brexit outcome , and the prediction was not too far-fetched.
The discussion regarding the British economy suggests that there is a light at the end.

Farnoush Farsiar There were a few hundred additional job relocations due to Brexit from Europe over 7,600 since December 2020.

The latest numbers compare with estimates by PwC in April 2016 prior to the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be lost If Britain decides to Leave.

Despite the fact that covid is having a hard time the British stock market is rebounding.

The UK can compete with other nations without the EU restrictions and opens the market for more overseas companies.

The biggest corporations are moving to the British stock market, and it is able to maintain its status as a world leading market.

The European market is their sole real weak point in the sector of financial services.

Mainly, the British Islands have had a reduction in their seafood trade and trade in fish.
Farnoush Farsiar It's not surprising that, despite lower trade between Europe as well as higher living costs, these costs have risen.

Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and allowed London's full potential to be unleashed again.


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