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

With her wealth management expertise, she has an exclusive view of the subject.

Farnoush has written two pieces for BrexitCentral in the year 2019 and it appears many of her predictions have proven right.

Recalling Farnoush’s forecast regarding Brexit

Farnoush Farsiar holds the opinion that leaving Europe will let the British economy to be free from unneeded restrictions.

It would let London’s city London to realize its full potential.

A regulatory intrusion has made it hard for the financial services sector to operate under MiFID II (Financial Instruments Directive).

The ability to stay competitive is only possible if the regulations are constantly updated.

Farsiar explained that London is home to the largest financial institutions in Europe and this has an influence on the economics.

If given the chance to develop, Britain’s financial services industry could become the most perfect version of its self.

British financial markets may be affected by Britain’s exit from the EU and its terms.

They’ll be dependent, and they will not blame Brussels.

Farnoush Farsiar Therefore, lowering corporation tax rates and undoing 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 according to a Deloitte Report, the UK Attracted More Foreign Direct Investment Between 2015 and 2018, than any other European Country.

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

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

One of these rules can be applied in stock trading.

Farnoush Farsiar Stopping high-frequency trading or other financial services can reduce effectiveness across the entire market.

This is high frequency, but without the speed. It will make it regular trading and take away the excellence of this sector.

In contrast, Brexit would give Britain less investment options.

The anti-commerce laws caused it to be difficult for London to remain profitable as a competitor. Industry experts repeatedly warned of the enormous costs for small- and medium-sized companies.

Andrew Bailey (CEO of the Financial Conduct Authority) envisioned “the future of Financial Conduct Regulation”.

Bailey explained the ways in which the UK could be compared to other authorities around the globe.

His vision for the future of the financial conduct regulatory system was to create an “outcome-focused” approach, as well as a “lower burden” method.

Brexit could be the opportunity for the UK to increase its global financial influence as well as avoid any unjustified restrictions of the EU.

This restriction is hindering the loose regulations that the UK used to have before and are hindering startups and businesses from growing and be competitive on the global market.

Brexit will ensure that the tech hubs remain well-placed within the major cities.

Farnoush Farsiar Bailey stated, “Leave it to our individual discretion… The UK regulatory system will evolve somewhat differently.”

There was a major worry about the UK’s financial market

Competitive advantage, in economic terms, is having an edge over your competitors by having a strong understanding of your industry.

In the wake of the regulation, the UK was worried that the capital’s financial system was being destroyed.

Consequently, they would make them less appealing to international investors and firms would flee towards Amsterdam, Frankfurt, or Paris.

The biggest fear for the UK was that the European Union would stop trading through the EU market.

Another reason to be concerned was that the import and export will be more expensive.

http://www.trackometrix.com/farnoush-farsiar-why-are-so-few-women-in-finance-2/ Britain is determined to remain the global financial center.

Post pandemic and mid Brexit Farnoush Farsiar believes in an optimistic future

Farnoush Farsiar correctly predicted that Brexit would be a success.

There is hope for the British economy when you look at the discussion.

Since December, 7,600 people have been relocated to Europe in the wake of Brexit. The result has been a drop in the number by about 100.

These numbers are comparable to the April 2016 estimates of PwC. They estimated that up to 100,000 financial jobs could be lost as a result of Britain leaving the EU. Leave.

Despite the fact that covid is having a hard time the UK’s stock markets are back on the rise.

The UK is open to competition with the rest of the world, by lifting the EU restrictions.

The British stock market is drawing large corporations, which has helped maintain its status as a global leader.

The only drop they’ve seen in the industry of financial services is the European market.

Most importantly, the British Islands have had a decrease in their seafood and trade in fish.

It’s interesting that the cost of living went up even though trade was less with Europe.

Farnoush Farsiar Farnoush Farsiar was absolutely right. Brexit is a great move for finance and allowed London to realize its full potential.