The phrase "a systemic collapse" is correct and usable in written English.
It can be used to describe a failure or breakdown that affects an entire system, often in contexts such as economics, ecology, or organizational structures.
Example: "The recent financial crisis was a clear example of a systemic collapse that impacted global markets."
Alternatives: "a total breakdown" or "an overall failure".
Paul Myners agrees that they were now "very close" to "a series of dominoes falling" and "a systemic collapse of the banking system".
The current crisis, caused by a systemic collapse in the financial system and compounded by major economic imbalances between debtor and creditor countries, will change the world economy.
Less than three years after a systemic collapse of the U.S. financial system that led to taxpayer bailouts and plummeting share prices, Wall Street stalwart John Corzine drove the company off the cliff.
"You're looking at a health collapse, a systemic collapse".
But banking crises vary: some threaten a systemic collapse whereas others are containable.
Money-supply "shocks", like the disappearance of Mt Gox, could set off a systemic collapse.
After all, it seemed to imply that the Federal Reserve was standing behind the banks to prevent any systemic collapse.
Previously it was just based on calculating insurance domestic deposits, a formula first conceived in the 1930's to deal with a previous systemic collapse.
If the goal was to avoid a complete systemic collapse of the financial industry, that may very well have happened".
"We are in danger of a broad systemic collapse, and action needs to be taken urgently to head it off," he said.
He told the chamber: "This scandal began because we accepted at the time the cabinet secretary Nicola Sturgeon was serially misled by Lothian health board at the time - the allegation thereafter that there was a widespread systemic collapse across Scotland was the reason this investigation was undertaken.
