We review the recent highlights of theoretical flavour physics, based on the theory summary talk given at FPCP2017. Over the past years, a number of intriguing anomalies have emerged in flavour violating $K$ and $B$ meson decays, constituting some of the most promising hints for the presence of physics beyond the Standard Model. We discuss the theory status of these anomalies and outline possible future directions to test the underlying New Physics.
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