Bundesbank's Wuermeling Says Market Volatility Result of Monetary Normalization

The video discusses the implications of Brexit, particularly a no-deal scenario, on the UK and EU economies. It covers the impact on financial markets, including changes in regulations and liquidity. The debate over the UK's passporting rights and euro clearing location is highlighted. Challenges in regulating EU financial institutions and the potential global economic threats are also discussed.

What are the concerns regarding euro clearing mentioned in the text?

According to the text, what is the biggest challenge for financial regulators in Europe?

What does the text imply about the future of monetary policy normalization?