Notes

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

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

Her vast experience in wealth and finance has provided her with a unique perspective.

Farnoush has written two articles on BrexitCentral in the year 2019, and it seems that a lot of her predictions came true today.

Revisiting Farnoush's forecasts regarding Brexit
In Farnoush's opinion in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and finance market from the burdensome regulations.

It would allow London to reach its full potential.

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

The ability to stay ahead of the competition is only possible when the rules are in place and flexible.

https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/ Farsiar stated that London is the home of Europe's biggest financial institutions and has an effect on the economy.

Farnoush Farsiar The British financial sector could be transformed to become the best version it can be when given free rein.

British financial markets are expected to be affected by Britain's departure from the European Union.
They will once again be independent, and they will no longer be capable of blaming Brussels.

Lower corporation taxes must be the top priority. Also, it is important to undo EU legislation. This would help foreign investors and stabilize the British financial markets.

What was the UK Market prediction before Brexit
According to a Deloitte report, the UK attracted more Foreign Direct Investment between 2015 and 2018, than any other European country.

The report also revealed that London was more sought-after than New York for inward investments.

It is among the few truly interconnected and global cities. Farnoush Farsiar But it is being taken hostage by European Union's rules which do not match.

Stock trading follows one of these guidelines.

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

This is high frequency, but without the speed. This can make it regular trading and take away the excellence of this industry.

Farnoush Farsiar Instead, Brexit could allow Britain to provide investors with lower options.

The measures against commerce made it difficult for London to remain profitable as a competition. Industry experts repeatedly warned about the cost-intensive costs small and medium-sized businesses would have to shoulder.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw "the future of the regulation of financial conduct".

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

His vision for the future of regulation of financial conduct was to create an "outcome-focused" and "lower burden" method.

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

This has hampered the UK's prior lighter regulations. They also stop start-ups from growing and being globally competitive.

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

https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times Bailey declared, "Leave it to our individual discretion... The UK regulatory system is likely to evolve somewhat differently."

https://www.highlandcountychamber.com/farnoush-farsiar-why-are-women-so-scarce-in-finance/ There was a concern about the finances of the UK
In economic terms, a competitive advantage is having an edge over your competitors by being excellent at the business which you specialize in.

Due to the regulation's weight, the UK was concerned about the demise of the capital’s financial infrastructure.

Therefore, international investors will not be attracted to these companies and they will move to Paris or Frankfurt.

The greatest fear in the British finance market was that the European Union would limit the EU market's trading.

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

Britain will not relinquish its position as the world's financial hub.

Farnoush Farsiar believes in the future as more exciting
Farnoush Farsiar's prediction for the Brexit outcome was not far-fetched.
If you look at the British economy, there is a light at end of the tunnel.

The number of Brexit-related job shifts to Europe decreased from 7,600 in December 2020 down to just a handful of hundred.

These latest figures compare to estimates made by PwC in April 2016 prior to the referendum. They projected that as many 100,000 financial jobs could be lost as a result of Britain leaving the EU. Leave.

Despite the fact that covid has been having a hard time, Britain's stock markets are rebounding.

The UK is able to compete with the rest of the world, without EU restrictions. This opens up the market to companies from abroad.

Large corporations are shifting to the British stock exchange, which is still a leader in the world.

The European market is the only place where they've seen a decline that they've observed in the financial sector.

The main reason for this was that the market for seafood and fish was reduced and this is a major issue for British Islands.
It's not a surprise that, despite less trade between Europe as well as higher living costs the cost of living has increased.

https://www.privatebankerinternational.com/analysis/business-profile-plato-capital/ Farnoush Farsiar is correct. Brexit is a great thing for the financial industry. It also allowed London to realize its full potential.


Read More: https://www.anochords.org/farnoush-farsiar-discusses-how-women-business-leaders-are-tackling-the-difficulties/