Notes

Farnoush Farsiar claims Brexit has benefited the UK financial markets despite the dire forecasts

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

She has unique insight because of her financial and wealth management experiences.

In the year 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it seems like a lot of her forecasts were 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 rules.

It will allow London to reach its full potential.

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

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

Farsiar said that London is home to Europe's most important financial institutions and has an impact on the global economy.

When given freedom, the British financial services industry may become the most effective version that is possible.

British market for financial services will be affected by Britain's exit from the European Union and its conditions.
They'll be able to self-sufficiency again and won't be able blame Brussels any longer.

Thus, the British should prioritise tax reductions for businesses and abrogating EU laws. It would encourage foreign investors to invest and help stabilize the British market for financial instruments.

What was the UK Market Prediction before Brexit
According to a Deloitte survey, the UK attracted more Foreign Direct Investment in 2015 than any other European country.

The report also found that London was more popular than New York for inward investments.

It is one of few cities that truly are international. The European Union rules that do not correspond to it are used to hold the city.

The stock market is subject to one of these rules.

The stoppage of high-frequency trading and other financial services decreases the efficiency across the whole market.

The lack of speed will result in regular trading, which will diminish the level of excellence in the industry.

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

London could not compete as it is a lucrative market due to the laws against commerce. The industry has repeatedly warned of the massive costs for small- to medium-sized businesses.

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

https://getbritainout.org/johnson-and-javid-are-only-part-of-the-brexit-recipe-for-the-citys-success/ Bailey explained that Britain can be compared with other governments around the world.

His concept of "the future regulation of financial conduct" was that he would create an "outcome-focusedstrategy" and "lower-burden" approach.

Brexit could be the opportunity for the UK to expand its financial influence, as well as to remove unnecessary restrictions from the EU.

These restrictions hinder the softer regulations that the UK had before and inhibit enterprises and start-ups to grow and being competitive in the world market.

Brexit could be a beneficial move towards ensuring that tech hubs are firmly embedded within the blooming of its major urban centers.

Bailey declares that "left to our devices... the UK regulation system could change a bit."

There was significant concern over the UK's finance market
Competitive advantage is a financial term that means being able to outperform your competitors in a specific business.

Because of the regulation in place, the UK was worried that the capital's financial system was being demolished.

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

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

A second worry was the potential for increased import and export costs.

Britain would like to be the financial services center of the world.

https://trungtamytehoavang.com.vn/question/farnoush-farsiar-discusses-how-women-business-leaders-face-the-challenges-3/ Farnoush Farsiar sees more positive outcomes
Farnoush Farsiar was right to accurately predict the Brexit outcome.
If you take a look at the British economy there is a light at end of the tunnel.

Farnoush Farsiar Between 7,600 and 2020, the number of job relocated to Europe has decreased by a couple hundred.

The latest figures compare to estimates by PwC in April 2016 prior to the referendum. They forecast that the UK could lose more than 100,000 jobs in finance if they vote Leave.

Despite the fact that covid is a huge problem, Britain's stock exchange is on the rebound.

https://timebusinessnews.com/brexit-benefited-uk-financial-market-says-farnoush-farsiar/ With no "EU restrictions" the UK is competitive with the rest of the world, opening the market to more foreign companies.

The biggest companies are making their way into the British market, which keeps its status as a world leading market.

They've only seen a decrease in the field of financial services due to the European market.

The primary reason is that the quantity of seafood and fish trade has declined, which poses a problem to British Islands.
It's not a surprise that, despite less trade with Europe and higher living costs the cost of living has increased.

Farnoush Farsiar was absolutely right. Brexit is a great move for finance and allowed London to reclaim its full potential.

Farnoush Farsiar
Here's my website: https://trungtamytehoavang.com.vn/question/farnoush-farsiar-discusses-how-women-business-leaders-face-the-challenges-3/