The article is about the current structure and features of Azerbaijani banking. The article follows the global financial crisis that began in 2008. Restructuring of Azerbaijan's banking sector has been investigated. The Central Bank prevents the crisis in order to ensure financial stability. The important reforms that have been analyzed and are effective in solving global financial problems and the implementation of a policy aimed at modernization in the banking sector have been recommended. Systemic risk is an important issue for banks in the banking sector. The section refers to the threat of bankruptcy and liquidity problems, in other words, the possibility of a systemic banking crisis. Systemic banking crises have led to significant real economic and financial costs. Although the real consequences of the banking crisis are that economic costs are usually measured in terms of production losses, the cost of transferring government funding to financially troubled banks is related to costs. Keywords: banking system, banking crisis, systemic banking, real economy
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