This book provides a description and explanation of the types of risk that financial institutions face in the UK. Aimed at in-house counsel of financial institutions and those who advise them, it provides highly practical guidance on how to deal with these risks and put in place measures to minimize exposure to them. The book includes checklists and diagrammatic explanations/illustrations. New for this second edition: UK insolvency legislation . customer issues (general regulatory, unfair contract terms, jurisdiction, treating customers fairly, best execution, misselling) . liquidity risk.