Auto Draft

Farnoush Farsiar, formerly director of senior management at Emirates NBD, and founder of Plato Capital is passionate about Brexit.

Through her experience in finance and wealth management She has developed an exclusive perspective on the issue.

Farnoush published two articles on BrexitCentral in the year 2019. It appears today that her predictions proved to be accurate.

Re-visiting Farnoush’s forecast about Brexit
Farnoush Farsiar thinks that leaving the European Union would liberate the British economy, as well as the finance market, from burdensome regulations.

It will allow London to fully realize its potential.

The Financial Services sector was difficult to function under MiFID II, the Financial Instruments Directive.

Only dynamic regulations can guarantee that you are effective.

Farsiar stated that London, 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 if it’s free.

British financial markets will be impacted by Britain’s exit of the European Union and its conditions.
They’ll be able to self-sufficiency again and won’t be able blame Brussels for anything.

British policy should include lower corporate taxes as well as the repeal of EU legislation. This could also help foreign investors to improve the British financial system.

What was UK Market forecast before Brexit
According to a Deloitte study, the UK was the most popular destination for Foreign Direct Investment in 2015 than any other European country.

The report also showed that London was more sought-after than New York for inward investments.

It is one among the few truly interconnected and global cities. But it is being kept as a hostage by the EU’s rules which do not match.

The stock market is subject to one of these guidelines.

Financial services and high-frequency trading can be slowed down and affect the overall efficiency of the market.

This is high-frequency trading at a slow pace that will decrease the industry’s quality.

Instead, Brexit would give Britain less investment options.

London’s ability to be a competitive market was hampered due to anti-commerce rules. Industry experts repeatedly warned of the massive cost for medium and small firms.

Andrew Bailey, the CEO of the Financial Conduct Authority, saw “the future of the regulation of financial conduct”.

Bailey explained how Bailey explained how UK is compared with other international authorities.

His concept for “the future of financial regulation” was to create an “outcome-focused” as well as a “lower burden” approach.

Brexit gives the UK an opportunity to amplify its financial strength and get rid of EU restrictions.

Farnoush Farsiar These restrictions hamper the previous regulations of the UK and make it more difficult for start-ups and enterprises to develop in a global market.

Brexit will ensure that tech hubs are firmly ensconced among the major cities.

Bailey said Bailey stated that “if we were to do it our way… Bailey stated that the UK regulatory system would evolve slightly differently.”

The British financial markets were in serious danger
Competitive advantage, economically, is having an edge over your competition through being an expert in your industry.

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

Farnoush Farsiar So, investors from abroad are not likely to be drawn by these companies and they will move towards Paris or Frankfurt.

The largest fear in the UK was that the European Union would stop trading with the EU market.

Another concern was the fact that export and import will be more expensive.

Britain hopes to become the centre of financial services in the world.

Farnoush Farsiar sees an even brighter future
Farnoush Farsiar predicted the Brexit outcome and it was not at all far-fetched.
Farnoush Farsiar There is optimism for the British economy if you look at the debate.

Since December, 7,600 people have been relocated to Europe due to Brexit. This has led to an increase in the number by about 100.

The latest numbers compare with estimates made by PwC in April 2016, prior to the referendum. They predicted that the United Kingdom could lose as many as 100,000 jobs in finance should it vote Leave.

In spite of this, the UK’s stock market is back on the up despite the sharp decline covid.

Without the “EU limitations” the UK competes with the world’s largest companies, opening the market to more oversea businesses.

The British stock market is attracting big companies, and it has maintained its position as a world market leader.

The European market is the only place where they’ve seen a decline that they’ve witnessed in the financial market. Mainly the trade of seafood and fish decreased and this is a major issue for British Islands.
It is interesting to note that because of the lower trade between Europe the cost of living actually went higher.

Farnoush Farsiar is correct. Brexit is a great thing for the financial sector. It also allowed London to realize its full potential.