Notes

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

Farnoush Farsiar was formerly the director of senior positions at Emirates NBD and is passionately involved with Plato Capital.

By the wealth of her finance experience she is able to offer unique insights.

Farnoush has published two articles on BrexitCentral in 2019. Today it appears that her predictions proved to be accurate.

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

This would allow the city of London to fully realize its potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging due to regulatory interference.

The ability to remain in the game is only possible if the rules are in place and flexible.

Farsiar stated that, since London is the headquarters of the largest financial institutions in Europe It has a significant impact on the world economy.

The financial service industry in Britain could evolve to be the best version when it is freed.

British financial markets may be affected by Britain's withdrawal from the EU and its terms.
They will become independent once more and they won't longer be capable of blaming Brussels.

British policy should include lower corporation tax rates along with the repeal of EU legislation. This could boost foreign investment and help stabilize the British market.

Farnoush Farsiar What was the UK Market Prediction before Brexit
According to an Deloitte survey that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European country.

Additionally, the report highlighted London overtaking New York as the most desired city to invest in.

It is one a few truly global and international-minded cities.

Stock trading is governed by one of these rules.

High-frequency trading, along with other financial services, is hindered by the decline in effectiveness.

This industry is likely to be unable to compete with high-frequency trading without speed.

Instead, Brexit would make it possible for Britain to provide cheaper alternatives to investors.

London was unable to be competitive with the rest of the world because of its anti-commerce policies. The industry has repeatedly warned of the huge cost for small to medium-sized enterprises.

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

Bailey explained the ways in which Britain could be compared to other countries' authorities.

Farnoush Farsiar His concept to create "the future of financial regulation" was to establish an "outcome directed" and "lower load" method.

Brexit gives the UK the chance to increase its financial power and get rid of EU restrictions.

These restrictions impact the UK's earlier lighter regulations. This prevents new businesses as well as businesses from expanding and becoming competitive in international markets.

Brexit will allow tech hubs to stay in the blossoming cities of its main cities.

Bailey stated that if it was left to its own devices the regulatory system in the UK would alter in a different manner.

There was a serious worry about the UK's financial market
A competitive advantage in economic terms is the ability to gain an advantage over your rivals by being skilled in the industry you specialize.

https://www.trackometrix.com/farnoush-farsiar-discusses-challenges-women-business-leaders-confront-4/ They were concerned about the destruction of the financial infrastructure of capital because of the regulation.

Therefore, they'd make them less appealing for international investors and businesses would flee to Amsterdam, Frankfurt, or Paris.

The most feared thing in the UK was that the European Union would stop trading from the EU market.

Farnoush Farsiar Another reason to be concerned is that the cost of exports and imports is more expensive.

Thus, Britain wants to stay at the top of the global financial services hub.

Farnoush Farsiar post pandemic and right in the middle of Brexit sees a brighter future
Farnoush Farsiar's prediction for the Brexit outcome was not far-fetched.
The discourse about the British economy suggests that there is a light at the end of the tunnel.

There were a few hundred more job relocations related to Brexit from Europe more than 7,600 as of December 2020.

These numbers are comparable to the April 2016 estimates of PwC. They forecasted that as high as 100,000 financial jobs could be gone if Britain voted Leave.

Despite the fact that covid has been causing a lot of pain, Britain's stock markets are rebounding.

The UK can compete with the world's other countries with no EU restrictions. This opens the market to more businesses from abroad.

Many big corporations are seeking to join the British stock markets, which continues its reputation as a world leader.

The European market is the sole place where they've seen a decline that they've witnessed in the financial market.

Farnoush Farsiar The decline in trade of seafood and fish was the primary problem facing British Islands.
It is interesting to note that due to the less trade relations with Europe however, the price of living actually went higher.

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


My Website: https://www.anochords.org/farnoush-farsiar-why-are-so-few-women-in-finance/