This book is a comprehensive analysis of the UK banking system and its regulation in a globally integrated environment.The UK banking and financial sectors are considered through a multidisciplinary approach, where historical, institutional, economic and regulatory factors are considered in a simple yet rigorous manner. This book provides a useful background to understand recent developments of modern banking, such as the 'originate and distribute' model and its implications and describe the new challenges which is posing regulators and market players. The book covers a wide set of topics, introducing a non specialist reader to the current debate on banking regulation and macro-prudential supervision.This book provides an account of the principal phases in the development of the English banking system, and an analysis of the financial structure of the economy of the UK. The book focuses in detail on the regulatory and supervisory aspects of the UK banking system, and the interactions between the structural aspects of the banking and supervisory system.