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In brief

In a recent article for Practical Law, Paula de Biase provides an overview of the national measures that have been taken in Spain relating to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).


Background

The SFDR imposes harmonized transparency and disclosure requirements relating to sustainability on financial market participants (FMPs) and financial advisers from 10 March 2021. It forms a key part of the European Commission’s reforms relating to sustainable finance, which is the process of taking environmental, social and governance (ESG) considerations into account in investment decision-making, ultimately leading to more sustainable investments and a greener economy. The aim of the reforms is to integrate ESG considerations into the investment and advisory process in a consistent manner across financial sectors.


For an overview of relevant national measures taken in Spain, please click here.

Author

Paula De Biase heads the Fintech and Financial Services Regulation (FSR) Group in Spain, including also the Funds practice. She also sits in the Global FSR Steering Committee of the Firm and acts as co-lead of the FSR practice for the EMEA region.
With more than 15 years' experience in financial regulation, she has advised national and international clients in various areas of the financial services sector: payment services, fund management, investment services, consumer credit and other banking and insurance services, including Fintech initiatives and other online and mobile solutions.
Paula has taught Banking Law in the Master's programmes of several universities: the International Legal Consultancy degree at IE; the International Law, Foreign Trade and International Relations degree at ISDE; the Business Law degree at the Universidad de Navarra, and the Venture Capital and Entrepreneurship degree at INCARI/Rafael del Pino Foundation.
She is individually ranked in Chambers 2023 for FinTech and Financial Regulation. She is described in these publications as "an excellent lawyer: she is expert in all things FinTech, regulatory and payments. She has a deep understanding of financial regulation in Spain and has considerable experience dealing with regulatory authorities there. Her advice is always considered, comprehensive and most importantly practical and commercially focused."