The Financial Services (Banking Reform) Act 2013 (Banking Reform Act) made significant reforms to UK financial services regulation. In particular, it gave HM Treasury and the PRA powers to implement the recommendations of the Independent Commission on Banking (ICB) on ring-fencing requirements for the banking sector.

Other reforms made by the Act included the introduction of the senior managers and certification regime (SM&CR), the criminal offence of reckless misconduct in the management of a bank, the Payment Systems Regulator (PSR), the bail-in stabilisation option for the special resolution regime (SRR) and the cap on the cost of payday loans.