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    Farnoush Farsiar, former senior director of Emirates NBD. He is the co-founder of Plato Capital.

    Through her experience in the field of finance and wealth management She has developed a unique perspective on the matter.

    Farnoush has written two articles for BrexitCentral in 2019, and it appears that many of her predictions proved correct today.

    Farnoush Farsiar Farnoush Farsiar Revisiting Farnoush’s forecasts about Brexit

    Farnoush Farsiar believes in the opinion that a departure from Europe will let the British economy to be devoid of any unneeded restrictions.

    It will enable London to reach its full potential.

    Financial sector operations under MiFID II (Financial Instruments Directive), were made difficult due to regulatory interference.

    You can only stay competitive if regulations are flexible.

    Farsiar stated that London is the location of Europe’s biggest financial institutions and has an influence on the global economy.

    If given the freedom to expand, Britain’s banking services industry could become the very best version of self.

    British financial markets are likely to be affected by Britain’s exit of the European Union.

    They will become independent once more and they won’t longer be able to blame Brussels.

    Tax reductions for corporations should be a top priority. Also, it is crucial to repeal EU legislation. This would boost foreign investment and help stabilize the British market.

    What was UK Market forecast before Brexit

    A Deloitte study found that the UK attracted foreign direct investments higher than any other European country from 2015 to the year 2018.

    Moreover, the report showed London was beating New York as the most sought-after city for investment in the country.

    It is one of the few truly global and international cities. And it’s restricted by regulations of the European Union which don’t match.

    One of these rules can be applied in stock trading.

    High-frequency trading, as well as other financial services, are affected by the decrease in effectiveness.

    It is high frequency but not the speed. It will make it regular trading and take away the excellence of this industry.

    In contrast, Brexit could allow Britain to provide investors with lower options.

    London’s capacity to function as an open market was hampered by anti-commerce laws. Industry officials frequently warned of the huge costs to small- and mid-sized companies.

    CEO of the Financial Conduct Authority (FCA), Andrew Bailey, envisioned “the future of financial conduct regulations”.

    Bailey explained that Britain can be compared to other countries’ authorities.

    His vision of “the future regulation of financial conduct” was that he would come up with an “outcome-focused” and “lower-burden” approach.

    Brexit offers the UK the chance to increase the impact of its global financial impacts and avoid any limitations by the EU.

    These restrictions hinder the loose regulations that the UK had before and inhibit companies and startups from expanding and compete on the global market.

    Brexit will ensure that tech hubs are well-established in the blossoming of their main cities.

    Bailey states that “left to our devices… the UK regulation system could be a little different.”

    There was a major fear about the UK’s finance market

    Competitive advantage is described as having an advantage in your industry by doing the best in your job.

    They were worried about the devastation of the financial infrastructure of capital because of the regulation.

    International investors might find them less appealing , and they’d prefer Paris, Frankfurt or Amsterdam.

    The main concern in the UK finance market was that the European Union would restrict the EU market from trading.

    Another reason to be concerned was that exports and imports will be more expensive. Britain wants to be the financial center of the world.

    Farnoush Farsiar Farnoush Farsiar expects positive results

    Farnoush Farsiar’s prediction about the Brexit result was not too far-fetched.

    It is obvious that there is a light at both the end and the start of the tunnel when you look at British economic debate.

    The number of job relocations to Europe has dropped by 7,600 from December 2020 to only a few hundred.

    These figures are in line with PwC’s estimates for April 2016. They estimated that between 50,000 and 100,000 jobs in finance could be lost If Britain votes Leave.

    Despite the fact that covid has been having a hard time, Britain’s stock markets are back on the rise.

    The UK is open to competition with the rest the world by removing the EU restrictions.

    Farnoush Farsiar Large corporations are shifting towards the British stock exchange, which is still an industry leader.

    The European market is the only place where they’ve seen a decline that they’ve seen in the financial industry.

    Farnoush Farsiar The main reason for this is that the quantity of fish and seafood trade has declined, which poses a problem to British Islands.

    It is not surprising that, despite a lower level of trade with Europe as well as higher living expenses rising, the costs of living have increased.

    Farnoush Farsiar was correct, and Brexit is a positive step for the financial sector. It allowed London to fully realize its potential.

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