On September 14, the Atlantic Council’s Global Business and Economics Program held a discussion with former FDIC Chair Sheila Bair on the continuing challenges in the financial industry nearly three years after the start of the global financial crisis. Bair was a key architect of the new US rules governing the banking system—especially those addressing systemically important institutions and protecting taxpayers from future bank bailouts. She shared her views on the proper role and function of the US banking system once the Dodd-Frank financial regulatory reform law is fully implemented.
Sheila Bair was nominated to head the FDIC by President George W. Bush in 2006, and her term concluded in July of this year. She has also been a commissioner on the Commodity Futures Trading Commission and an assistant secretary in George W. Bush’s Treasury Department. In 2002, she left Treasury to join the faculty of the University of Massachusetts, Amherst, where she taught regulatory policy at the business school. Before that, she served as a longtime aide to Senator Bob Dole.
Federal Deposit Insurance Corporation (FDIC)
President and CEO
The discussion is part of the Mapping the Economic and Financial Future Series, an Atlantic Council series co-hosted with Deutsche Bank that features high-level business leaders and economic policymakers from the U.S. and Europe. The series is a central component of the Council’s Global Business and Economics Program.