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Sheila Bair builds a network

By Laurie Bennett

October 6, 2014 at 11:20am

It takes top-shelf connections to increase one’s influence after heading the Federal Deposit Insurance Corporation.

Yet Sheila Bair has done exactly that in the three years since chairing the banking regulator.

Sheila Bair
Sheila Bair

Bair sits on three prominent corporate boards, including Banco Santander. She also chairs the Systemic Risk Council, an organization of former government officials and financial experts who advocate for reforms “to protect the public from financial instability.”

She also has links to two research groups, serving as an adviser to Pew Charitable Trusts and a trustee with the Rand Corporation.

Bair was a rarity in the George W. Bush administration - a regulator who spoke out against banking excesses even before the 2008 financial crisis.

One of her complaints was the revolving door between regulators and the industry, a path she followed in joining the Santander board in January.

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