This text has been revised and updated to take account of the major developments in a rapidly developing regulatory landscape. The updated text analyses all of the substantial institutional and structural changes brought, or to be brought, into effect under the additional new key statutes adopted in the area of financial services including specifically the Financial Services (Banking Reform) Act 2013 and the Bank of England and Financial Services Act 2016. The major new regulatory initiatives are covered in detail, including the Senior Managers Regime (SMR) and Certification Regime (CR). There is also coverage of new individual statutory offences, bank ring-fencing, depositor preference, bail-in stabilization and crisis management, resolution planning, payment system reform, and further Bank of England governance and PRA reform. Since the last edition there have been many developments at the European level and the fourth edition takes full account of these including the Capital Requirements Directive IV, Insolvency II, and MiFID II. At the domestic level, the division of the Financial Services Authority Handbook of Rules into the PRA Rulebook and the Financial Conduct Authority Handbook has been covered in two new chapters. There are also new chapters on ‘Individual Accountability and Liability’ following commencement of the Senior Managers and Certification Regimes, and on ‘Consumer Credit’ following the transfer of regulatory responsibility for this to the FCA. Additionally, the material on enforcement has been significantly developed in this new edition.