Notes

Farnoush Farsiar claims that Brexit has helped the UK's financial market, in spite of the grim forecasts.

Farnoush Farsiar Former senior director of Emirates NBD. He is the co-founder of Plato Capital.

Thanks to her wealth management experience, she has a unique view of the topic.

Farnoush has published two pieces on BrexitCentral in the year 2019. Today , it appears her predictions proved to be correct.

Recalling Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar believes that leaving the European Union would liberate the British economy, as well as the finance market, from the burdensome regulations.

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 competitive.

Farsiar said, "London is the headquarters of the most important European financial institutions." This has an effect on the economy.

If given the chance given the chance, the British financial services industry may become the most effective version possible.

The UK's withdrawal from the European Union and its terms will have an impact on British markets for financial services.
They will become independent once more and they won't longer be able to blame Brussels.

https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/ British policy must include lower corporation tax rates as well as the repeal of EU legislation. It will encourage foreign investors and stabilize the British market for financial instruments.

What was UK Market forecast before Brexit
According to a Deloitte survey that the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

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

https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times It is one of the few truly international and global cities. And it's restricted by regulations of the European Union which don't match.

One of these rules can be applied in stock trading.

High-frequency trading and financial services are prone to slowdown in the process, which can affect the overall efficiency of the market.

This is high frequency, but without the speed. This makes it more regular and will take away the quality of this business.

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

The measures against commerce made it more difficult for London to sustain its position as a competition. The industry has repeatedly warned about the huge costs for small- and medium-sized businesses.

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

Bailey described how the UK can be compared to other authorities around world.

Farnoush Farsiar His idea of the future of financial conduct regulation was to create an "outcome-focused" and "lower burden" strategy.

Brexit offers the UK the chance to boost its financial impact globally and escape any limitations by the EU.

The restrictions hinder the UK from having the loose regulations that it previously had and hinder enterprises and start-ups' ability to grow and be competitive in the international market.

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

As stated by Bailey, "left to our individual decisions... the UK regulatory system could evolve somewhat differently."

There was significant concern about the UK's financial market
Competitive advantage is defined as the ability to gain an edge in your industry by being the best at your job.

The UK was concerned about the disintegration of the financial infrastructure of the capital due to the regulations.

Farnoush Farsiar Therefore, they would be less appealing to investors from abroad, and companies would flee to Paris, Frankfurt, or Amsterdam.

Farnoush Farsiar The biggest fear that was arose in the UK financial market was that the trading market would be shut down by the European Union.

Another concern is that import and exported is more expensive.

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

Farnoush Farsiar sees more positive results
Farnoush Farsiar's predictions of Brexit were not far-fetched.
The debate on the British economy indicates that there is hope at the end.

Between 7,600 and December 2020 there was only one or two job moves from Europe related to Brexit.

These numbers compare with PwC's April 2016 estimates. They estimated that 100,000 jobs in the financial sector could be lost in the event that Britain chooses to Leave.

Despite the fact that covid is a huge issue, the British stock market is rebounding.

The UK is more competitive than the other countries and the EU has removed any restrictions. This lets the UK to open up its markets to foreign businesses.

All kinds of businesses are attracted to the British Stock Market, which has a the reputation of being a global leading market.

The European Market is the only thing to have caused an increase in the market of financial services.

The British Islands are facing a major problem because of the decline in seafood and trade in fish.
It's interesting to note that living costs went up regardless of the fact that trade was lower with Europe.

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


My Website: https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/