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.