Notes

Farnoush Farsiar claims Brexit has benefited UK market, despite dire forecasts

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

With her expertise in finance and wealth management she has gained an unique perspective on the matter.

Farnoush wrote two stories in 2019 for BrexitCentral. Today, it appears that many her predictions were right.

Re-visiting Farnoush's prediction about Brexit
Farnoush Farsiar's belief is that the British economy and financial markets would be freed from excessive restrictions if they leave the European Union.

It will allow London's city London to fully realize its potential.

Regulatory intrusion made it difficult for the financial services industry to function under MiFID II (Financial Instruments Directive).

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

Farsiar stated that London is the capital of Europe's largest financial institutions has a major impact on the economy.

The industry of financial services in Britain might evolve into the best version of itself when set free.

British market for financial services will be affected by the UK's departure of the European Union and its conditions.
They will become self-sufficient again, and they won’t be able to blame Brussels any longer.

The British should prioritize lowering corporation tax rates and repealing EU legislation. It would also encourage foreign investors to improve the British financial system.

What was the UK Market Prediction before Brexit
According to an Deloitte study it was found that the UK has attracted the highest amount of Foreign Direct Investment in 2015 than any other European nation.

The report revealed that London was the most sought-after city to invest in and outperformed New York.

It is one of the few truly international and global cities, and it is being held down by regulations of the European Union which don't match.

Farnoush Farsiar Stock trading is one of these guidelines.

Stopping high-frequency trading as well as other financial services can reduce the effectiveness of the entire market.

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

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

The measures against commerce made it more difficult for London to stay lucrative as a competitor. Farnoush Farsiar Industry representatives repeatedly warned of the immense costs for small and mid-sized firms.

Farnoush Farsiar The CEO of the Financial Conduct Authority (FCA), Andrew Bailey, envisioned "the future of financial conduct regulations".

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

His idea of the future of financial conduct regulation was to develop an "outcome-focused", and "lower burden" approach.

Farnoush Farsiar Brexit is the UK's opportunity to amplify its global financial impact and avoid any limitations from the EU.

The restrictions hinder the UK from having the lenient regulations it had previously and hinder enterprises and start-ups' ability to grow and compete on the international marketplace.

Brexit will be a positive step to ensure that the tech hubs remain firmly ensconced within the blooming of its major urban centers.

Bailey declared Bailey stated that "if we were to do it in our own way... Bailey stated that the UK regulatory systems would evolve in a different way."

There was a serious worry about the UK's finance market
Competitive advantage, economically, is having an edge over your competition through having a strong understanding of your industry.

As the regulations weighed down on them as well, people in the UK worried that the capital's financial system was being disassembled.

Therefore, international investors won't be attracted by them and businesses will flee towards Paris or Frankfurt.

The biggest concern in the UK's finance market was the possibility that the European Union would limit the EU market's trading.

Another worry was the possibility that export and import will become more expensive.

Britain would like to be the centre of financial services around the globe.

Farnoush Farsiar predicts an even brighter future
Farnoush Farsiar predicted the Brexit result and it wasn't at all far-fetched.
The discourse regarding the British economy indicates that there is hope at the end of the tunnel.

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

These figures are similar to the April 2016 estimates of PwC. https://www.princeclassified.com/user/profile/582424 They predicted that 100,000 financial jobs might be eliminated in the event that Britain votes Leave.

Farnoush Farsiar However, the market in Britain is still on the rise despite covid's devastating impact.

With no "EU limitations" the UK competes with the world's other countries and is open to more foreign companies.

https://coub.com/farnoush.farsiar9dddcc22 Many large corporations are now looking to join the British stock market that continue to be regarded as a world-leader.

The European market is the only area of decline they have seen in the financial industry.

The British Islands are facing a major problem because of the decline in seafood and trade in fish.
It's interesting to note that the cost of living grew even though trade was lower with Europe.

But all in all, Farnoush Farsiar was right, and Brexit is a great move for the finance industry. It also let the city of London to fully unleash its potential once again.


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