Data presentation - Summary description The CISS is computed for the euro area as a whole. It includes 15 raw, mainly market-based financial stress measures that are split equally into five categories, namely the financial intermediaries sector, money markets, equity markets, bond markets and foreign exchange markets. For further details, see Hollo, D., Kremer, M. and Lo Duca, M., "CISS - A Composite Indicator of Systemic Stress in the Financial System" , Working Paper Series, No 1426, ECB, March 2012.
The SovCISS measures stress in sovereign debt markets in the euro area as a whole and in several euro area and non-euro area EU countries. The methodology is described in Garcia-de-Andoain, C. and Kremer, M., "Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area", Working Paper Series, No 2185, ECB, October 2018.
Timeliness The CISS data is updated weekly on Monday with the figures for the previous week.
The SovCISS data is updated monthly on the first Monday of the month with the figures for the previous month.