The second edition of this study, supplemented three times a year, brings into sharp focus a cascading series of events that have transformed the financial services industry in ways that would have seemed close to incredible when the first edition was published in 1994. Many dramatic developments in the twenty-first century have reshaped the regulation of banks, savings associations, credit unions, and other financial services firms. This exhaustive work provides discussion and analysis of financial services regulation, including extensive treatment of the Dodd-Frank Wall Street Reform and Consumer Protection Act—not just an isolated discussion of the Dodd-Frank Act but a fully integrated treatment of the impact of the act on all topics covered in this study. In addition, the work offers detailed discussion of all major regulatory developments of the past two decades, affecting regulatory structures, formation, branching, management, control transactions, corporate powers, securities regulation and securities activities, holding company activities, mergers and acquisitions, conversions, troubled and failing institutions, systemic risks, and international regulatory policy.