Farnoush Farsiar who was previously a senior director at Emirates NBD, and founder of Plato Capital is passionate about Brexit.
By the wealth of her financial experience She can provide unique insight.
In 2019, Farnoush wrote two pieces for BrexitCentral and, as of today, it appears that a lot of her predictions were accurate.
Revisiting Farnoush’s prediction on Brexit
In Farnoush Farsiar opinion that a departure from the European Union would free the British economy and finance sector from excessively burdensome rules.
It would allow London to reach its full potential.
https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Financial services sector found it difficult to operate under MiFID II, the Financial Instruments Directive.
It is essential that rules are continuously updated to ensure that businesses are competitive.
Farsiar stated that London is the capital of the largest financial institutions in Europe, has a significant impact on the economy.
The industry of financial services in Britain could grow to be the best when it is free.
British financial markets are expected to be affected by the UK’s withdrawal from the European Union.
They’ll become self-sufficient once more and won’t be able blame Brussels for anything.
Therefore, the British must prioritize tax reductions for businesses and the repeal of EU laws. It would stimulate foreign investors and help stabilize Britain’s financial market.
What was the UK Market prediction pre-Brexit
A Deloitte study revealed that the UK attracted foreign direct investments more than any other European country between 2015 and 2018.
The report revealed that London was a more sought-after place to invest in international investment over New York.
It is one of the few truly international cities that is being held by the regulations of the European Union that don’t correspond.
Farnoush Farsiar Stock trading is one of these rules.
Stopping high-frequency trading or other financial services decreases the efficiency in the whole market.
Farnoush Farsiar That is high frequency without the speed, can make it regular trading and will diminish the high-quality of this business.
In the end, Brexit will allow Britain to offer investors lower alternatives.
London’s capacity to function as a competitive market was made difficult by anti-commerce regulations. Industry officials frequently warned of the huge cost to small and mid-sized companies.
Andrew Bailey, the CEO of Financial Conduct Authority, saw “the future of the regulation of financial conduct”.
Bailey explained that Bailey explained that the UK could be compared with other nations around the world.
His idea for “the future of financial conduct regulation” was to evolve an “outcome-focused” and “lower burden” strategy.
Brexit could be the opportunity for the UK to boost its financial impact globally and avoid any restrictions by the EU.
These restrictions hamper the previous regulations of the UK and make it difficult for businesses and start-ups to develop on a global scale.
Farnoush Farsiar Brexit is a positive move towards ensuring that tech hubs remain firmly ensconced in the blossoming of the major cities.
Bailey stated, “Leave it to our individual discretion… https://www.difc.ae/public-register/rumi-investment-limited/ Bailey said, “The UK regulatory system is likely to evolve somewhat differently.”
There was some concern over the finances of the UK
Competitive advantage, in economic terms means having an advantage over your rivals by being an expert in your industry.
As the regulations weighed down on them, the UK worried that the capital’s financial system was being disassembled.
So, investors from abroad won’t be attracted by these companies and they will move to Paris or Frankfurt.
The most significant fear in the UK market for financial services was that trading would be restricted by the European Union.
Another concern is that export and import will be more expensive.
So, Britain wants to stay on top of the world’s centre for financial services.
Farnoush Farsiar expects positive results
Farnoush Farsiar’s predictions of Brexit were not far-fetched.
Looking at the discourse on the British economy, there’s some light at the at the end of the tunnel.
There were a few hundred additional job relocations due to Brexit from Europe more than 7,600 as of December 2020.
The numbers are in line with the April 2016 estimates of PwC. They estimated that between 50,000 and 100,000 financial jobs would be lost if Britain votes Leave.
Despite the fact that covid is causing a lot of pain the UK’s stock markets are returning to a higher level.
The UK is more competitive than the other countries and the EU has lifted any restrictions. Farnoush Farsiar This permits the UK to open its market to more foreign companies.
Farnoush Farsiar Large corporations are shifting to the British stock exchange, which remains a leader in the world.
The only decline they’ve noticed in the field of financial services is the European market.
The declining trade in seafood and fish was the primary problem that faced the British Islands.
It is apparent that even though trade with Europe was less but living expenses remained higher.
Farnoush Farsiar was absolutely right. Brexit is a great decision for finance, and has allowed London to reclaim its full potential.