Some regulators prescribe that pension funds invest in debt instruments of investment grade  BIS Review 16/2002  11  only. Credit rating has also been prescribed by regulators as the basis for exemption from registration norms for issuers of asset backed securities. Some regulators insist on a minimum rating for corporates to become eligible for issuance of Commercial Paper.
The ECB supports current EU initiatives to improve climate related data disclosures in order to enhance transparency and promote the market for green financial products. Another milestone in this roadmap includes the further incorporation of climate change considerations in our monetary policy operations, with a view to promoting better climate disclosures and making our asset purchases, and therefore our balance sheet, greener.