Notes

Farnoush Farsiar claims that Brexit has helped the financial markets of the UK, despite the gloomy forecasts

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

Thanks to her wealth management experience, she is able to offer an exclusive view of the matter.

Farnoush Farsiar Farnoush has written two articles for BrexitCentral in 2019, and it appears that many of her predictions came true this morning.

Farnoush Farsiar Revisiting Farnoush's forecasts regarding Brexit
Farnoush Farsiar holds the opinion that a departure from Europe would let the British economy to be devoid of any unneeded rules.

This would allow London's full potential to be realized.

The Financial Services industry was not able to adhere to MiFID II (Financial Instruments Directive) because of regulatory intrusion.

Only active regulations can ensure that you are in the game.

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

The industry of financial services in Britain is likely to grow to become the best if it's absolutely free.

The UK's departure from the European Union and its terms will have an impact on British markets for financial services.
They'll be dependent again and they will no longer be able blame Brussels anymore.

Tax reductions for corporations should be a top priority. It is essential to change EU legislation. It could also be a good way to encourage foreign investors to help stabilize the British financial system.

What was it? UK Market Forecast before Brexit
According to a Deloitte survey it was found that the UK attracted more Foreign Direct Investment in 2015 than any other European country.

Furthermore, the report showed London overtaking New York as the most desirable city for inward-investment.

It is one the few truly global and international cities. Farnoush Farsiar It is bound by the rules of the European Union which don't match.

Stock trading is one illustration of this principle.

The stoppage of high-frequency trading and other financial services can reduce efficiency in the whole market.

This is high frequency, but without the speed, makes it more regular and will diminish the high-quality of this industry.

Farnoush Farsiar In contrast, Brexit would give Britain lower options for investors.

London found it hard to remain a profitable competitor because of the anti-commerce rules. The industry warned repeatedly about the massive cost to small and medium companies.

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

Bailey explained how Bailey explained how the UK could be compared to other governments around the world.

His idea for "the future of financial regulation" was to establish an "outcome directed" and "lower burden" method.

Brexit could be the opportunity for the UK to amplify its global influence on finance, as well as to remove all restrictions of the EU.

These restrictions have impeded the UK's prior lighter regulations. They also prevent start-ups from growing and being competitive in the global marketplace.

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

Bailey declared that "if we were to do it in our own way... the UK regulatory systems would evolve in a different way."

There was significant concern about the UK's finance market
A competitive advantage in terms of economics is having an advantage over your rivals by being knowledgeable in the field you are specialized in.

They were concerned about the devastation of the capital's financial infrastructure as a result of the rules.

Therefore, they would be less appealing to investors from abroad and businesses would move to Paris, Frankfurt, or Amsterdam.

The main fear of the UK financial market was the possibility that the trading market would be shut down by the European Union.

Another concern was the fact that export and import will become more expensive.

Britain would like to be the centre of financial services around the globe.

Farnoush Farsiar sees the future as more exciting
Farnoush Farsiar was right to forecast the Brexit outcome.
Farnoush Farsiar There is optimism for the British economy when you look at the debate.

Between 7,600 and the end of December 2020, there has been only few job shifts to Europe related to Brexit.

The latest figures compare to estimates made by PwC in April 2016, before the referendum. They estimated that between 50,000 and 100,000 jobs in finance could be lost if Britain votes Leave.

However, the British stock market is now back on track despite the harsh hit covid.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi The UK is in a position to compete with other nations, and the EU has removed any restrictions. This lets the UK to open its markets to foreign firms.

A number of large companies are looking to join the British market, which continues its reputation as a world leader.

The European market is the sole market that has suffered the most they have observed in the financial sector.

The main reason is that the British Islands have had a decrease in their seafood and trade in fish.
It is apparent that although trade with Europe was less, living costs remained higher.

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


Read More: https://www.crunchbase.com/person/farnoush-farsiar