Sheila Bair, Former FDIC Chair, to Keynote at Fiserv Innovate 2011
Key bank regulator and credit union supporter to share insider
perspectives on the financial crisis, financial legislation and future
Bair is credited with developing innovative and stabilizing programs
for credit markets, deposit insurance, and mortgage lending
Fiserv client conference for credit unions to be held Sept. 19-22 in
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), the leading global provider of financial
services technology solutions, today announced that the Honorable Sheila
C. Bair, former Chairman of the Federal Deposit Insurance Corporation
(FDIC), will deliver the keynote address at Innovate
2011, the annual client conference hosted by Credit Union Solutions
from Fiserv. This will be one of her first public appearances since
stepping down on July 8, 2011 upon completion of her five-year term.
As FDIC Chairman, Bair presided over a tumultuous period in the nation's
financial sector, working to bolster public confidence and system
stability. In response to the financial crisis, she developed innovative
and stabilizing programs that provided temporary liquidity guarantees to
unfreeze credit markets and increased deposit insurance limits. In 2007,
she was a singular—and prescient—advocate for systematic loan
modifications to stem the coming tidal wave of foreclosures.
Fiserv Credit Union Solutions president, Mark Sievewright, welcomes Bair
to the Innovate agenda, praising her effectiveness at the FDIC as well
as her insight into financial regulation.
"Sheila Bair played a pivotal role in shaping measures designed to deal
with the most significant financial crisis we have experienced since the
Great Depression. We look forward to hearing her perspective on what
happened and what is likely to happen next, especially given the more
recent challenges in financial markets," Sievewright said.
Bair was outspoken in supporting credit union concerns regarding debit
card interchange fees. "The full policy ramifications — who's paying for
what, who's going to pay more and who's going to pay less under this —
is something that maybe wasn't dealt with as thoroughly as it might have
been," Bair told the Senate Banking Committee February 22. She also
visited the student credit union at T.C. Williams High School in
Alexandria, Va., last year to help launch a government initiative to
improve financial literacy.
Bair received a number of prestigious honors during her tenure as FDIC
Chairman. In 2008 and 2009, Forbes magazine named Bair as the
second Most Powerful Woman in the world, after Germany's Chancellor
Angela Merkel. She is author of two books about money, both written for
children, and is now writing an insider account of the recent financial
crisis. Bull by the Horns: What Main Street Must Do to Fix Wall Street
is slated for publication in 2012.
2011, the credit union community's largest technology-focused event,
offers Fiserv client credit unions unmatched exposure to solutions and
insights that are relevant, practical and responsive in today's digital,
connected world. Held at The Venetian in Las Vegas, September 19—22,
Innovate gives Fiserv clients the opportunity to review market trends,
talk with leading experts and explore integrated, results-oriented
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of
information management and electronic commerce systems for the financial
services industry, driving innovation that transforms experiences for
financial institutions and their customers. Fiserv is ranked No. 1 on
the FinTech 100 survey of top technology partners to the financial
services industry. For more information, visit www.fiserv.com.
Director of Communications
Source: Fiserv, Inc.
News Provided by Acquire Media
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