February 10, 2025 (NO COMMENTS)

Banks like JP Morgan and UBS could be barred from bidding for failed lenders in the future. That is the view of the Financial Stability Board’s secretary general, who has warned about creating institutions too large to safely fail.

John Schindler (pictured) joined the FSB as secretary general in February 2023, prior to which he spent more than 20 years at the Federal Reserve Board, most recently as a senior associate director in its division of financial stability.