By Huw Jones LONDON, May 23 (Reuters) - MarketAxess, Tradeweb and Bloomberg have set up an independent company to offer a real time pan-European Union single price feed for corporate and government bond trading. The three firms said in a joint statement on Tuesday that industry veteran Neil Ryan will lead the 'consolidated tape' initiative, that would need EU regulatory approval. The bloc is finalising rules to set up tapes, which are a real-time record of transaction prices, in stocks,...

LONDON (Reuters) - The European Union will introduce new rules within four years to make cross-border payments quicker and cheaper through the use of blockchain and crypto assets like stablecoins, two EU documents showed. The European Commission is due to set out its strategy for encouraging greater use of digital finance at a time when 78% of payments in the euro zone are in cash. It also wants a rapid shift to “instant” payments generally as pandemic lockdowns showed the growing role of...

LONDON (Reuters) - The collapse of German payments firm Wirecard has become a focal point for an overhaul of how the European Union regulates the finance industry as it evolves away from traditional banks towards fintech companies, its financial services chief said. Wirecard’s implosion to leave a $2.1 billion (1.6 billion pounds) hole in its books came more than a decade after the first allegations of fraud by some investors and journalists. As a financial technology company, albeit one that...

LONDON (Reuters) - Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states step up competition. FILE PHOTO: A river boat cruises down the River Thames as the sun sets behind the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson/File Photo The Fuelling Fintech report from TheCityUK, which...

LONDON (Reuters) - The Bank of England said it will offer more euros to banks in Britain to avoid any cash crunch after Brexit and warned that other European Union countries are not fully ready for the possible no-deal hit to the financial system. FILE PHOTO: The Bank of England is seen in the City of London, Britain, February 7, 2019. REUTERS/Hannah McKay/File Photo The BoE said most financial stability risks in Britain from a no-deal Brexit had been mitigated, and UK banks had enough...