In this article, we review some key aspects of a multi-wavelength flare which have essentially contributed to form a standard flare model based on the magnetic reconnection. The emphasis is given on the recent observations taken by the Reuven Ramaty High Energy Solar Spectroscopic Imager (RHESSI) on the X-ray emission originating from different regions of the coronal loops. We also briefly summarize those observations which do not seem to accommodate within the canonical flare picture and discuss the challenges for future investigations.