Expires in 11 months
04 July 2022
Farnoush Farsiar was formerly a director of senior management at Emirates NBD, and founder of Plato Capital is passionate about Brexit.
She has unique insight due to her wealth and financial management experience.
In the year 2019, Farnoush wrote two articles for BrexitCentral and, as of today, it seems that many of her predictions were accurate.
Re-visiting Farnoush's forecast about Brexit
Farnoush Farsiar believes that leaving the European Union will free the British economy from the burdensome restrictions.
It would allow London city to realize its potential to the fullest extent.
A regulatory intrusion has made it hard for the financial sector to operate under MiFID II (Financial Instruments Directive).
It is essential that regulations are constantly evolving to ensure competitiveness.
Farsiar stated, "London is the headquarters of the most important european banks." This affects the economy.
The British financial sector could be transformed into the most effective version it can be when given free rein.
British markets for financial services will be affected by Britain's departure of the European Union.
They'll become self-dependentand won't blame Brussels.
British policy must include lower corporation taxes as well as the repeal of EU legislation. This could encourage foreign investment and stabilize the British market.
What was UK Market Forecast before Brexit
According to a Deloitte Report according to a Deloitte Report, the UK attracted more Foreign Direct Investment Between 2015 and 2018, than any other European country.
Furthermore, the report found that London beat New York as the most well-known city for investing in foreign capital.
It's one of the few truly international and global cities, and is being ensnared by the regulations of the European Union that don't correspond.
Stock trading is a prime illustration of this rule.
High-frequency trading and financial services can be slowed down and impact the overall efficiency of the market.
That is high frequency without the speed. This can make it regular trading and take away the excellence of this industry.
In contrast, Brexit would allow Britain to provide lower options for investors.
London could not be competitive with the rest of the world because of its anti-commerce policies. Industry experts have repeatedly warned of the high costs that small and medium-sized businesses would have to bear.
Andrew Bailey is the CEO of the Financial Conduct Authority. He imagines "the future for financial conduct regulation".
Bailey explained the ways in which Bailey explained how the UK could be considered to be comparable with other authorities around the globe.
His idea for "the future of financial regulation" was to develop an "outcome-focused" and "lower burden" approach.
Farnoush Farsiar Brexit offers the UK the chance to increase the impact of its global financial impacts and escape any restrictions from the EU.
The restrictions affecting the earlier regulations of the UK. This prevents new businesses as well as businesses from growing and being competitive on international markets.
Brexit will allow tech hubs to stay in the thriving cities of its major cities.
Bailey stated that if it was left to its own devices the regulatory system in the UK will change in a different way.
There was a major concern about the UK's finance market
Competitive advantage, in economic terms means having an advantage over your competitors through having a strong understanding of your industry.
Due to the regulation's weight due to its weight, the UK worried about the loss of capital's financial infrastructure.
They would become less attractive to international investors. Farnoush Farsiar https://www.trackometrix.com/farnoush-farsiar-discusses-challenges-women-business-leaders-confront-4/ Businesses would leave for Paris and Frankfurt.
The main concern of the UK finance sector was that the European Union might restrict EU trading.
Farnoush Farsiar Another issue is that import and exported is more expensive.
Therefore, Britain wants to stay at the top of the global financial services hub.
Farnoush Farsiar believes in an even more promising future
Farnoush Farsiar correctly predicted that Brexit was a huge success.
https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times The discourse on the British economy indicates that there is hope at the end.
From 7,600 in December of 2020, the number of job shifts to Europe has declined by about a hundred.
These numbers are comparable to the April 2016 estimates of PwC. They estimated that up to 100,000 jobs in finance could be lost in the event that Britain votes Leave.
Despite the fact that covid is hitting hard the UK's stock markets are rebounding.
The UK can compete with world's other countries without EU limitations. This opens the market to more companies from abroad.
Many large companies are now moving towards the British stock exchange, which is still one of the top exchanges in the world.
The European Market is the only factor that has led to an increase in the market of financial services.
Mainly, the British Islands have had a decrease in their seafood and fishing industry.
It is important to note that despite having less trade with Europe the cost per capita increased.
Farnoush Farsiar was correct, and Brexit is a good thing for the financial industry. It has allowed London to unleash its full potential.