Notes

Farnoush Farsiar claims Brexit has been beneficial to the UK market, despite dire forecasts

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

Through the depth of her finance experience she can offer unique insight.

In the year 2019, Farnoush wrote two pieces for BrexitCentral Today, it seems like a lot of her forecasts were right.

Recalling Farnoush Farsiar's prediction about Brexit
Farnoush Farsiar is of the opinion that leaving Europe would let the British economy to be free from unneeded rules.

Farnoush Farsiar It will enable London's city London to unleash its full potential.

Financial sector operations under MiFID II (Financial Instruments Directive) were made challenging by regulatory intrusion.

Only active regulations can ensure your business is competitive.

Farnoush Farsiar Farsiar declared that London as the capital city of the largest financial institutions in Europe has a major impact on the economics.

The financial services industry in Britain could evolve to be the most efficient version of itself in the event that it is allowed to be free.

British financial markets will be affected by Britain's withdrawal of the European Union and its conditions.
They will be self-dependent again and will no longer be able blame Brussels any more.

British policy should include lower corporate taxes and the removal of EU legislation. This would boost foreign investment and help stabilize the British market.

What was UK Market prediction before Brexit
According to an Deloitte report, the UK was the most popular destination for Foreign Direct Investment between 2015 and 2018 than any other European country.

In addition, the report revealed that London outshined New York as the most well-known city for investing in foreign capital.

It is one of the few truly global and internationally-minded cities.

One of these rules is utilized in stock trading.

https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times High-frequency trading, as well as other financial services, is affected by the decrease in the efficiency.

High frequency trading that lacks speed can lead to frequent trading, which could reduce the quality of trading.

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

London's capability to be competitive was made difficult by anti-commerce laws. The industry has repeatedly warned against the enormous costs for small-to medium-sized enterprises.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the Future of Financial Conduct Regulation".

Bailey explained how Bailey explained how UK could be compared to other international authorities.

His idea to create "the future of financial regulation" was to create an "outcome oriented" and "lower burden" approach.

Brexit offers the UK the chance to amplify its global financial influence, and unrestrictions from the EU.

The restrictions impede the UK's previous lighter regulations and make it more difficult for small businesses and startups to expand in a global market.

Brexit could be a beneficial move towards ensuring that tech hubs remain firmly ensconced in the blossoming of the major cities.

Bailey declares that "left to our devices... the UK regulation system would evolve somewhat different."

There was significant concern over the UK's finance market
Competitive advantage is an economic term that refers to being able to outperform your competitors in a particular business.

The UK was concerned about the collapse of the capital's financial infrastructure due to the regulations.

International investors would find them less appealing and they would move to Paris, Frankfurt or Amsterdam.

The biggest concern in the UK finance industry was the possibility that the European Union might restrict EU trading.

Another reason to be concerned was that the import and export is likely to become more expensive.

Britain is determined to remain the world's financial hub.

Farnoush Farsiar views the future as promising
Farnoush Farsiar's prediction for the Brexit outcome was not too far-fetched.
It is clear that there is light at the end of the tunnel and the beginning of the tunnel when you examine British economic discourse.

There have been a couple hundred more job relocations related to Brexit from Europe than 7,600 in December 2020.

These figures are in line with PwC's estimates for April 2016. They estimated that as many as 100,000 jobs in the financial sector could be lost if Britain had voted to Leave.

Despite covid being a significant issue, the UK's stock market is rebounding.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Without the "EU restrictions" the UK competes with the world's other countries and is open to more overseas companies.

Many large companies are now moving towards the British stock exchange, which remains one of the top exchanges in the world.

Farnoush Farsiar The European Market is the sole thing to have caused a decline in the industry of financial services.

The decrease in the trade of seafood and fish was the major problem that faced the British Islands.
It's interesting to note that living costs grew regardless of the fact that trade was less with Europe.

Farnoush Farsiar was correct, and Brexit is a positive step for the financial sector. It has allowed London to unleash its full potential.


Website: https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times