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British financial regulators announced a welter of measures on Thursday to give companies more time to publish results and banks more leeway for handling troubled loans. Britain’s economy has gone into lockdown during the coronavirus crisis and a recession is predicted, making it difficult for companies assess earnings and whether they can stay in business. The Bank of England’s Prudential Regulation Authority (PRA), the Financial Conduct Authority and auditing regulator the Financial Reporting Council said the reduction in activity could be “sharp and large”. But activity was likely to rebound sharply once ... (full story)