Notes

Farnoush Farsiar claims Brexit has benefited UK market, despite dire predictions

Farnoush Farsiar who was previously a senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

Her vast knowledge in finance and wealth has given her unique perspective.

Farnoush wrote two articles in the year 2019 for BrexitCentral. Today it seems that many of her predictions were accurate.

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

It will let the city of London to fully realize its potential.

The Financial Services sector was unable to operate under MiFID II (Financial Instruments Directive) due to regulatory interference.

It is crucial that rules are continuously updated to ensure competitiveness.

Farnoush Farsiar Farsiar stated, "London is the headquarters for the largest european financial institutions." This affects the economy.

https://www.cbetta.com/director/farnoush-farsiar-aidi-2 The financial services industry in Britain is likely to grow to become the best when it is absolutely free.

British financial markets will be affected by the UK's withdrawal from the European Union.
https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ They'll be self-dependentand won't be blamed for Brussels.

Lower corporation taxes should be a top priority. Also, it is crucial to repeal EU legislation. This will increase foreign investment and stabilize the British market.

What was the UK Market forecast before Brexit
According to an Deloitte report that the UK was the most popular destination for Foreign Direct Investment between 2015 and 2018 than any other European country.

The study found that London was the most popular place to invest in international investment than New York.

It is one among the few truly interconnected and global cities. But it is taken hostage by the European Union's rules, which aren't in accordance with.

One of such rules is applied in stock trading.

Putting the brakes on high-frequency trading as well as other financial services can reduce the effectiveness of the entire market.

A high frequency trading system that is not fast enough speed will lead to regular trading, which can reduce the industry's excellence.

In contrast, Brexit would allow Britain to offer less options to investors.

London was unable to compete in an enticing market due to the laws against commerce. Experts in the industry repeatedly warned about the high costs that small and medium-sized businesses would be forced to pay.

Andrew Bailey is the CEO of Financial Conduct Authority. He imagines "the future of financial regulation of conduct".

Farnoush Farsiar Bailey explained that Bailey said that UK can be compared to other countries around the world.

The idea he had to create "the next generation of financial regulation" was to establish an "outcome focused" and "lower burden" method.

Brexit offers the UK the chance to amplify the impact of its global financial impacts and avoid any limitations from the EU.

These restrictions hinder the previous regulations of the UK and make it difficult for small businesses and startups to develop within a global marketplace.

Brexit will allow tech hubs to remain in the thriving cities of the major cities.

Bailey claimed that if the UK was left to its own devices the regulatory system in the UK will alter in a different manner.

There was a lot of concern about the UK's financial market
Competitive advantage is a financial term that refers to being capable of outperforming your competition in a particular industry.

They were worried about the destruction of capital's financial infrastructure because of the regulations.

International investors would find them less appealing and they'd move to Paris, Frankfurt or Amsterdam.

The biggest fear in the UK finance market was that the European Union would restrict the EU market from trading.

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

Britain wants the top spot in financial services.

Mid Brexit Farnoush Farsiar believes in an optimistic future
Farnoush Farsiar predicted the Brexit result and it wasn't too far-fetched.
If you take a look at the British economic discourse there is a bright spot at the end of the tunnel.

The number of jobs relating to Brexit moves to Europe has dropped from 7,600 in December 2020 to a few hundred.

The numbers are in line with the April 2016 estimates of PwC. They predicted that as many as 100,000 financial jobs could be lost if Britain voted Leave.

In spite of this, the UK's stock market is now back on track despite the harsh hit covid.

The UK is in a position to compete with other nations, and the EU has eliminated any limitations. https://twitter.com/brexitcentral/status/1151733390485467136 This allows the UK to open up its markets to foreign firms.

Farnoush Farsiar Big firms are making their way to the British market, which is maintaining its reputation as a world leader.

The European market is their sole real problem in the field of financial services.

Mainly the trade of seafood and fish decreased which poses a challenge for British Islands.
It's not a surprise that, despite a lower level of trade between Europe and higher living expenses rising, the costs of living have increased.

Farnoush Farsiar Overall, Farnoush Farsiar was right and Brexit is a great move for the finance industry, and it allowed the city of London to fully unleash its potential.


My Website: https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar