This conclusion provides a brief summary of the nature of the UK financial system as presented in this book. The financial crisis of 2007-8 has resulted in major changes to the whole framework of regulation and supervision of the financial system. Collateralised debt obligations and structured investment vehicles were badly designed and credit default swaps misused, with the result that they all contributed to the financial crisis. In addition, the reputation of the banks has not been enhanced by their being associated with a series of financial scandals. These include mis-selling of payment protection insurance, fraud and the rigging of LIBOR and the foreign exchange markets. Despite the malpractices it can still be contented that finance plays an important role in the economic growth of a country and the poor reputation of the banks held by the general public is only partly justified.