Abstract
We summarize briefly the CKM picture of flavour and CP violation that governs the models with minimal flavour violation (MFV). We then describe how this framework can be efficiently tested through particle-antiparticle mixing and rare K and B decays. In particular we provide a list of theoretically clean tests that the simplest version of the MFV framework, the constrained MFV hypothesis, has to face in the coming years. Finally we offer a brief look at the most popular SM extensions that go beyond the CKM framework like the general MSSM, Little Higgs model with T-parity and Randall-Sundrum models with bulk fermions. Subject Index: 151, 152, 156, 159, 165
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