The article discusses the concept of systemic risk in banking and financial markets. It covers the fundamentals of systemic risk, its impact on the economy, and various sources and consequences. The researchers also explore transnational aspects of systemic risk and ways to address it, including regulatory responses. Key findings include the importance of managing risks in payment systems, derivatives, and bank deposits to prevent potential crises. The article suggests rethinking systemic risk and emphasizes the need for effective regulatory measures to mitigate risks in the financial sector.