Editorial: Systemic risk beyond banking: transparency, interconnectedness and the new frontiers of financial stability

Acemoglu,

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Bongini, P., Nieri, L., Pelagatti, M., & Piccini,

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Bushman, R. M. (2014). Thoughts on financial accounting

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Carvalho, B. D. R., & Carvalho, J. V. F. (2024).

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the Financial Statements. Advances in Scientific and Applied Accounting.

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Carvalho, J. V. F., &

Guimarães, A. S. (2024). Systemic

risk assessment using complex networks approach: Evidence from the Brazilian

(re)insurance market. Research in International Business and Finance, 67,

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Chen, Y., Safi, A., & Zeb, Y. (2022). How does CEO

power and overconfidence affect the systemic risk of China’s financial

institutions? Frontiers in Psychology, 13(September), 1–9.

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Chong, W. F., Feng, R., Hu, H., & Zhang, L. (2025).

Cyber risk assessment for capital management. Journal of Risk and Insurance,92(2), 424–471. https://doi.org/10.1111/jori.12504

Curcio, D., Gianfrancesco, I., Onorato, G., &

Vioto, D. (2024). Do ESG scores affect financial systemic risk? Evidence from

European banks and insurers. Research in International Business and Finance,69(July 2023), 102251. https://doi.org/10.1016/j.ribaf.2024.102251

Curcio, D.,

Gianfrancesco, I., & Vioto, D. (2023). Climate change and financial systemic risk: Evidence

from US banks and insurers. Journal of Financial Stability, 66(January

2022), 101132. https://doi.org/10.1016/j.jfs.2023.101132

Dungey, M., Flavin, T., O’Connor, T., & Wosser, M.

(2022). Non-financial corporations and systemic risk. Journal of Corporate

Finance, 72, 102129. https://doi.org/10.1016/j.jcorpfin.2021.102129

Ellis, S., Sharma, S., & Brzeszczy, J. (2022).

Systemic risk measures and regulatory challenges. Journal of Financial

Stability, 61(100960). https://doi.org/10.1016/j.jfs.2021.100960

Ernaningsih, I., Smaoui, H., & Ben, I. (2024).

Competition, regulation, and systemic risk in dual banking systems. International

Review of Economics and Finance, 93(PA), 1087–1103.

https://doi.org/10.1016/j.iref.2024.03.078

Fonseca, N. C., &

Carvalho, J. V. F. (2025). Analysis

of financial contagion among economic sectors through Dynamic Bayesian

Networks. Expert Systems with Applications, 260, 125448.

https://doi.org/10.1016/j.eswa.2024.125448

Goncharenko, R., Hledik, J., & Pinto, R. (2018).

The dark side of stress tests: Negative effects of information disclosure. Journal

of Financial Stability, 37, 49–59.

https://doi.org/10.1016/j.jfs.2018.05.003

Grobys, K. (2025). Magnificent 7: unsustainable growth

and systemic risk. Review of Quantitative Finance and Accounting.

https://doi.org/10.1007/s11156-025-01458-6

Hagenberg, T. C. (2025). Transaction-level transparency

and portfolio mimicking. Journal of Accounting and Economics, 79(1),

101713. https://doi.org/10.1016/j.jacceco.2024.101713

Han, W.-Z., & Meng, W. (2025). Does AI contribute

to systemic risk reduction in non-financial corporations? The Quarterly

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Harrington, S. E. (2009). The financial crisis,

systemic risk, and the future of insurance regulation. Journal of Risk and

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Hasan, I., Tunaru, R., & Vioto, D. (2023). Herding

behavior and systemic risk in global stock markets. Journal of Empirical

Finance, 73(May), 107–133.

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Jourde, T. (2022). The rising interconnectedness of the

insurance sector. Journal of Risk and Insurance, 89(2), 397–425.

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Khan, U. (2019). Does Fair Value Accounting Contribute

to Systemic Risk in the Banking Industry? Contemporary Accounting Research,36(4), 2588–2609. https://doi.org/10.1111/1911-3846.12501

Kladakis, G., & Skouralis, A. (2024). Credit rating

downgrades and systemic risk. Journal of International Financial Markets,

Institutions and Money, 90, 101902.

https://doi.org/10.1016/j.intfin.2023.101902

Krügler, T. M., & Daske, H. (2024). Expected

Effects of the New Accounting Standard for Insurance Contracts IFRS 17.

Universität Mannheim.

Lamaj, M., Novotny-Farkas, Z., & Obernauer, L.

(2026). Making Sense of the IFRS 17 Transition Effects. Accounting Horizons,XX(Xx), 1–19. https://doi.org/10.2308/HORIZONS-2025-088

Lee, J. P., Lin, E. M. H., Lin, J. J., & Zhao, Y.

(2020). Bank systemic risk and CEO overconfidence. North American Journal of

Economics and Finance, 54(March 2019), 100946.

https://doi.org/10.1016/j.najef.2019.03.011

Leong, S. H., Pellegrini,

C. B., & Urga, G. (2020). The

contribution of shadow insurance to systemic risk. Journal of Financial

Stability, 51, 100778. https://doi.org/10.1016/j.jfs.2020.100778

Leuz, C., & Wysocki, P. D. (2016). The Economics of

Disclosure and Financial Reporting Regulation: Evidence and Suggestions for

Future Research. Journal of Accounting Research, 54(2), 525–622.

https://doi.org/10.1111/1475-679X.12115

Li, Y., Xia, Y., Sun, Z., & Sun, N. (2025). Does

digital transformation affect systemic risk? Evidence from the banking sector

in China. International Review of Financial Analysis, 102(March),

104137. https://doi.org/10.1016/j.irfa.2025.104137

Rahman, M. L., Troster, V., Uddin, G. S., & Yahya,

M. (2022). Systemic risk contribution of banks and non-bank financial

institutions across frequencies: The Australian experience. International

Review of Financial Analysis, 79, 101992. https://doi.org/10.1016/j.irfa.2021.101992

Rizwan, M. S., Ahmad, G., & Qureshi, A. (2025).

Central bank digital currency and systemic risk. Journal of International

Financial Markets, Institutions and Money, 99, 102104.

https://doi.org/10.1016/j.intfin.2024.102104

Safi, A., Yi, X., Wahab, S., Chen, Y., & Hassan, H.

(2021). CEO overconfidence, firm-specific factors, and systemic risk: evidence

from China. Risk Management, 23(1–2), 30–47.

https://doi.org/10.1057/s41283-021-00066-7

Silva, T. C., Silva, M. A., & Tabak, B. M. (2017).

Systemic risk in financial systems: A feedback approach. Journal of Economic

Behavior & Organization, 144, 97–120.

https://doi.org/10.1016/j.jebo.2017.09.013

Skouralis, A. (2026). Systemic risk under the radar:

Evidence from building societies and challenger banks. Journal of

International Financial Markets, Institutions and Money, 107,

102267. https://doi.org/10.1016/j.intfin.2025.102267

Wang, Y., Song, G., & Lu, Y. (2025). Geopolitical

risk, bank regulation, and systemic risk: A cross-country analysis. Finance

Research Letters, 106893. https://doi.org/10.1016/j.frl.2025.106893

Wenlong, M., Yuxian, M., & Haoran, X. (2025).

Capital regulation, regulatory avoidance, and bank systemic risk. International

Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2025.104002

Xi, Z., Lou, W., & Zhang, X. (2026). How does data

sovereignty regulation in the AI era affect the financial system’s risk

resistance? International Review of Economics and Finance, 108(January),

105287. https://doi.org/10.1016/j.iref.2026.105287