SOURCE: SourceMedia

The 25 Most Powerful Women in Banking

September 29, 2009 09:13 ET

Sheila Bair to Keynote 25 Most Powerful Women in Banking Awards Dinner

FDIC Chief to Be Interviewed On-Stage by American Banker Editor

NEW YORK, NY--(Marketwire - September 29, 2009) - Sheila C. Bair, Chairman of the Federal Deposit Insurance Corporation, will be the subject of a keynote question-and-answer forum at The 25 Most Powerful Women in Banking™ Awards Dinner hosted by American Banker and U.S. Banker at The Plaza in NYC on Tuesday, October 6.

The conversation with Bair is expected to range from her handling of the banking crisis and the backroom haggling among regulatory and political leaders to her perspective on women in the workplace.

The Q&A session will be led by American Banker editor in chief Barbara A. Rehm, a veteran banking journalist whose coverage of federal deposit insurance reform won the Jesse H. Neal Award in 2000. Rehm's questions will include those submitted by members of The 25 Most Powerful Women in Banking community, a group of accomplished women in banking and financial services.

Over the past three years, Bair has won praise for her steady steering of the U.S. banking industry as well as her strong defense of her principles and their application in one of history's greatest financial crises. She has emerged as a pivotal policymaker on far-reaching issues in financial services.

In handling the banking crisis, Bair has become a role model for women in financial services due to her reputation for sticking to her beliefs and her innovative approach to solving the most complex challenges. Notably, Bair introduced a pioneering $24.4 billion program in November 2008 aimed at mitigating 1.5 million foreclosures despite then-Treasury Secretary Henry Paulson's public statement that he would not pay for it.

"Women executives tell me they see Chairman Bair as a great role model," Rehm said. "Many of them also struggle to stand their ground when all the guys in the room have already decided what should be done. The conversation should be fascinating."

Bair's other achievements at the FDIC include enacting programs that provide temporary liquidity guarantees, that increase deposit insurance limits and that advance consumer protection and economic inclusion, such as the creation of an Advisory Committee on Economic Inclusion. She has also championed the completion of seminal research on small-dollar loan programs and the formation of broad-based alliances in nine regional markets to bring underserved populations into the financial mainstream.

Bair was sworn in on June 26, 2006 as the 19th Chairman of the FDIC. She was appointed Chairman for a five-year term, and as a member of the FDIC Board of Directors through July 2013.

The 25 Most Powerful Women in Banking recognizes the professional achievements of top-performing female financial executives. In addition to the ranking of the most powerful women in banking, the event also honors The 25 Nonbank Women in Finance, The 25 Women to Watch, The Top Three Banking Teams and the Marjorie Magner Lifetime Achievement honoree.

Each year, SourceMedia donates a portion of its proceeds from the awards dinner to a select not-for-profit organization. This year, American Banker and U.S. Banker have asked the most powerful woman in banking to select the charity. Top-slotted Heidi Miller, CEO, Treasury & Securities Services at J.P. Morgan Chase, has selected Kids in Crisis, which provides unparalleled care, free of charge, to children and families from throughout Fairfield County, Conn. to receive the funds.

To learn more about The 25 Most Powerful Women in Banking programs, please visit www.25mpwib.com. The 25MPWIB community is committed to fostering women's professional development, career advancement and peer-to-peer networking, and includes the rankings and recognition dinner, The Mentor Factor career development workshops, the National Leadership Workshop and The Inner Circle, a monthly enewsletter and professional social network for women.

About American Banker and U.S. Banker

American Banker (www.AmericanBanker.com) is the banking industry's daily source of information, news and analysis covering national and global issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.

U.S. Banker (www.US-Banker.com) is written for executives who must generate greater profits and shareholder value for their financial institutions and covers market trends, regulations, innovations and individuals that reshape the financial services landscape.

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