Farnoush Farsiar, formerly director of senior management at Emirates NBD, and founder of Plato Capital is passionate about Brexit.
Thanks to her wealth management experience, she has an unique perspective on the subject.
Farnoush Farsiar Farnoush has written two articles for BrexitCentral in the year 2019, and it seems that a lot of her predictions were right today.
Re-visiting Farnoush Farsiar’s prediction about Brexit
Farnoush Farsiar believes that a departure from the European Union would liberate the British economy, as well as the financial market, from the burdensome rules.
This would allow London’s full potential to be fully realized.
The Financial Services sector was difficult to operate under MiFID II, the Financial Instruments Directive.
Dynamic regulations are essential for keeping your business on top of the market.
Farsiar declared, “London is the headquarters of the most important european financial institutions.” This can have an impact on the economy.
The industry of financial services in Britain might evolve into the best version of itself in the event that it is allowed to be free.
The UK’s withdrawal from the European Union and its terms will have a major impact on British financial markets.
They’ll become self-dependentand won’t blame Brussels.
So lower corporation taxes and reversing EU legislation must be high on the British agenda. This will increase foreign investment and stabilize the British market.
What was the UK Market prediction before Brexit
According to a Deloitte Report, the UK Attracted the most Foreign Direct Investment Between 2015 and 2018, than any other European Country.
The report revealed that London was the most popular place to invest in international investment over New York.
https://www.cbetta.com/director/farnoush-farsiar-aidi-2 It is among the few truly global and internationally-minded cities.
One of these rules can be applied in stock trading.
Financial services and high-frequency trading could be slowing down and reduce the overall effectiveness of the market.
This industry is likely to fall short of its excellence and high frequency trading if it does not move at a rapid pace.
Instead, Brexit would allow Britain to provide lower options for investors.
London had a difficult time to sustain a competitive advantage because of the anti-commerce rules. Industry experts repeatedly warned of the massive cost for medium and small companies.
Andrew Bailey is the CEO of Financial Conduct Authority. He imagines “the future for financial regulation of conduct”.
Bailey explained how the UK can be compared to other governments around the world.
His concept for “the future of financial conduct regulation” was to create an “outcome-focused” and “lower burden” method of regulation.
Brexit could be the opportunity for the UK to amplify its global financial influence and undue restrictions of the EU.
These restrictions impact the UK’s earlier lighter regulations. This prevents new businesses as well as businesses from growing and being competitive on international markets.
Brexit could be a beneficial step to ensure that the tech hubs are firmly embedded in the thriving of its major cities.
Bailey claimed that if the UK was it was left to its own devices the regulatory system in the UK will alter in a different manner.
There was a serious worry about the UK’s finance market
In economic terms the definition of competitive advantage is the ability to gain an advantage over your competitors by excelling in the field that you are specialized in.
Due to the weight of the regulation due to its weight, the UK worried about the demise of the capital’s financial infrastructure.
International investors would find them less appealing and they’d prefer Paris, Frankfurt or Amsterdam.
The most significant fear in the UK market for financial services was that trading would be restricted by the European Union.
Another worry was that the import and export will become more costly.
Britain hopes to become the financial services center of the world.
Farnoush Farsiar predicts an even more promising future
Farnoush Farsiar’s predictions about Brexit were not too far-fetched.
https://rekvizitai.vz.lt/en/company/lionsgate_procurement_services/farnoush_farsiar_direktore/ The debate on the British economy shows that there is light at the end.
https://twitter.com/brexitcentral/status/1151733390485467136 The number of jobs relating to Brexit relocations to Europe has dropped by 7,600 from December 2020 down to just a handful of hundred.
https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653 These numbers are comparable to PwC’s estimates for April 2016. They estimated that up to 100,000 financial jobs could be lost as a result of Britain leaving the EU. Leave.
Despite covid being a significant issue, the British stock market is rebounding.
With no “EU restrictions” the UK competes with the rest of the world and is open to more overseas businesses.
Big companies are making their way into the British market, which is maintaining its reputation as a world leader.
The only decrease that they’ve observed in the field of financial services is in the European market.
The main reason is that the British Islands have had a reduction in their seafood trade and fish trade.
It is not surprising that, despite lower trade between Europe and higher living costs rising, the costs of living have increased.
Farnoush Farsiar had a point. Brexit was a good decision for the finance sector and let London’s potential to blossom again.