Farnoush Farsiar claims that Brexit has helped the financial markets of the UK in spite of the grim forecasts
Farnoush Farsiar, formerly the senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.
With her wealth management experience, she has an unique perspective on the matter.
Farnoush has written two pieces for BrexitCentral in 2019 and it appears many of her predictions have proven correct.
Recalling Farnoush Farsiar's prediction about Brexit
In the Farnoush Farsiar view in Farnoush Farsiar's opinion, leaving the European Union would free the British economy and the finance market from over-burdensome regulations.
It would allow London city to realize its potential to the fullest extent.
The Financial Services sector was unable to function under MiFID II (Financial Instruments Directive) due to regulatory interference.
https://twitter.com/brexitcentral/status/1151733390485467136 You can only stay in the game if regulations are adaptable.
Farsiar stated that London is home to the largest financial institutions in Europe and this is a significant influence on the economy.
The British financial sector can be transformed to be the most efficient version it could be if given the freedom to do so.
The UK's departure from the European Union and its terms will have a significant impact on British markets for financial services.
They'll become self-dependent and won't have the ability to blame Brussels.
Therefore, lowering corporation tax rates and reversing EU legislation must be high on the British agenda. Farnoush Farsiar Consequently, it would incentivise foreign investors and stabilise the British financial market.
What was the UK Market Prediction before Brexit
A Deloitte study revealed that the UK attracted the most foreign direct investment than any other European country between 2015 and 2018.
Additionally, the report highlighted London outranking New York as the most desired city to invest in.
It is one of the few truly global and interconnected cities, and it is restricted by rules of the European Union which don't match.
https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ Stock trading is one illustration of this rule.
Restricting high-frequency trading or other financial services reduces efficiency across the whole market.
A high frequency trading system that is not fast enough speed can lead to frequent trading, which will diminish the level of excellence in the industry.
Instead, Brexit would make it possible for Britain to provide cheaper alternatives to investors.
The anti-commerce laws made it difficult for London to remain profitable as a competition. Industry leaders frequently warned of the huge costs for small and mid-sized companies.
Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".
Bailey explained how Bailey explained how UK is compared with other authorities around the world.
The idea behind his idea of "future of financial conduct regulations" was to create an "outcome specific" as well as a "lower cost" strategy.
Brexit offers the UK the chance to amplify its global financial influence, and unrestrictions of the EU.
These restrictions prevent the UK from having the lenient regulations it had previously and limit start-ups as well as businesses' ability to grow and be competitive in the international marketplace.
Brexit will make sure that the tech hubs remain firmly ensconced among the major cities.
As expressed by Bailey, "left to our individual decisions... the UK regulatory system could change in a different way."
There was significant concern about the UK's finance market
Competitive advantage is a financial term that refers to being able to outperform your competitors in a particular industry.
The UK was concerned about the disintegration of the capital's financial infrastructure due to the regulations.
They'd be less appealing to international investors. Companies could flee to Paris or Frankfurt.
The main fear of the UK financial market was the possibility that the trading market would be shut down by the European Union.
Another issue was that exports and imports will become 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 is looking forward to a brighter future
Farnoush Farsiar's prediction for the Brexit result was not too far-fetched.
If you take a look at the British economy discourse there is a bright spot at the end of the tunnel.
Between 7,600 and 2020 the number of jobs impacted by Brexit relocations to Europe has decreased by a couple hundred.
These figures are similar to the April 2016 estimates of PwC. They projected that as many 100,000 financial jobs could be lost in the event of Britain leaving the EU. Leave.
Despite the fact that covid is a huge problem, Britain's stock exchange is on the rebound.
The UK can compete with other countries , without the EU restrictions, which opens up the market for more overseas firms.
Many large corporations are now looking to join the British stock markets, which continues its reputation as a global leader.
The European market is the only area of decline they have seen in the financial industry.
Farnoush Farsiar Most importantly, the trade in fish and seafood went down and this is a major issue for British Islands.
It is noticeable that although trade with Europe was lower, living costs remained higher.
Farnoush Farsiar was correct, and Brexit is a positive step for the financial industry. It enabled London to realize its full potential.
