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Sebastian Mack

@sebastianmack.bsky.social
148 followers 136 following 38 posts

Former Senior Policy Fellow @delorsberlin.bsky.social

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Sebastian Mack @sebastianmack.bsky.social · 30/06/2025
After five exciting years, I am leaving @delorsberlin.bsky.social and my fantastic colleagues. My successor will be announced soon and continue the Centre's important work on integrated, safe, fair and green European financial markets. For any news, check out the JDC website: www.delorscentre.eu/en/
delorscentre.eu
Jacques Delors Centre
Centre for European Affairs at the Hertie School of Governance in Berlin.
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Jacques Delors Centre @delorsberlin.bsky.social · 27/06/2025
🎧 Neue Folge EU to go! Was steckt hinter der „Flotte von Omnibussen“ mit der die EU Europas Wirtschaft entlasten will? @onethuthree.bsky.social spricht mit Julia Symon @financewatch.bsky.social & @sebastianmack.bsky.social über Bürokratieabbau, Deregulierung. open.spotify.com/episode/3vPX...
open.spotify.com
Unter die Omnibus-Räder: Die Deregulierungsagenda der EU
EU to go - der Podcast für Europapolitik · Episode
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Thu Nguyen @onethuthree.bsky.social · 26/06/2025
Neue Podcastfolge im Kasten 🎬 Kommen Klima und Nachhaltigkeit im Entbürokratisierungsenthusiasmus der EU unter die Omnibusräder? Darüber habe ich mit @sebastianmack.bsky.social und Julia Simon (Finance Watch) gesprochen. Stay tuned!
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Sebastian Mack @sebastianmack.bsky.social · 26/06/2025
In my brand-new @delorsberlin.bsky.social policy brief, I outline options for integrating systemic climate risks in the prudential rules for insurers. The upcoming review of the EU macro-prudential framework for #NBFI opens an unmissable window of opportunity! www.delorscentre.eu/en/publicati...
delorscentre.eu
Better green than sorry – Why the prudential framework for insurers should integrate systemic c
Climate change poses systemic risks to insurers and the broader financial system, yet the EU’s prudential framework for insurers remains ill-equipped to dea
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Sebastian Mack @sebastianmack.bsky.social · 26/06/2025
Climate change is a systemic risk - for the planet and also for the economic and financial system. Time to reflect this in financial market regulation 👇 www.ft.com/content/9e5d...
ft.com
How the next financial crisis starts
The climate shocks that could trigger wider market turmoil
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Jacques Delors Centre @delorsberlin.bsky.social · 23/06/2025
#NewPaper: In his latest policy brief, financial markets expert @sebastianmack.bsky.social calls for integrating systemic climate risks across the full range of insurers' investment activities and puts forward concrete actions to that end. 👉 www.delorscentre.eu/en/publicati... #Climate #Finance
delorscentre.eu
Better green than sorry – Why the prudential framework for insurers should integrate systemic c
Climate change poses systemic risks to insurers and the broader financial system, yet the EU’s prudential framework for insurers remains ill-equipped to dea
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Jacques Delors Centre @delorsberlin.bsky.social · 10/06/2025
"The simplification agenda should not be a synonym for deregulation", @ecb.europa.eu Supervisory Board Chair Claudia Buch states when asked about the #Omnibus and how to attract foreign investment in the #EU.
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Jacques Delors Centre @delorsberlin.bsky.social · 03/06/2025
📆 Europe’s savings could fuel its future, but they aren’t flowing where they’re needed most. We need a real Savings and Investment Union. But how do we get there? Join us next Tuesday at 4:30pm CET at the @hertieschool.bsky.social or online on Zoom to discuss 👉 www.delorscentre.eu/en/events-at...
delorscentre.eu
Matching savings and investments: The role of banks and capital markets in financing Europe’s f
We are delighted to invite you on Tuesday, 10 June 2025, for a high-level discussion featuring two key figures in financial sector supervision: Claudia Buch, Chair of the Supervisory Board of the Euro...
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Sebastian Mack @sebastianmack.bsky.social · 04/06/2025
A new @reclaimfinance.org survey shows overwhelming support from the French public to regulate multinationals, make them responsible for their impacts on the climate and human rights, and require them to implement climate transition plans. #Omnibus #Deregulation reclaimfinance.org/site/en/2025...
reclaimfinance.org
8/10 French want multinational corporations accountable for social and environmental impacts - Reclaim Finance
More than 80% of French citizens think multinational companies should be required to prevent damaging social, environmental, and climate impacts
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Jacques Delors Centre @delorsberlin.bsky.social · 04/06/2025
Die EU-Kommission plant, die Eigenkapitalvorgaben für Banken und Versicherer zu lockern und so den Markt für #Verbriefungen wiederzubeleben. Unser Experte für Finanzmärkte @sebastianmack.bsky.social sieht das kritisch - im #Handelsblatt erklärt er, warum 👉 www.handelsblatt.com/finanzen/ban...
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Sebastian Mack @sebastianmack.bsky.social · 27/05/2025
EU plans sweeping stress test of non-banks as early as next year. Given the steady growth of the #NBFI sector, looking into associated risks is highly warranted. www.ft.com/content/72a5... via @financialtimes.com @martinarnold.bsky.social
ft.com
EU plans sweeping stress test of non-banks
Move likely to raise concerns among hedge funds and private credit groups of greater regulatory scrutiny
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Sebastian Mack @sebastianmack.bsky.social · 26/05/2025
The @hertieschool.bsky.social president @corneliawoll.bsky.social opening our @delorsberlin.bsky.social flagship event featuring @ecb.europa.eu president @christinelagarde.bsky.social. Follow live here: www.youtube.com/live/i1HYLxZ...
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Sebastian Mack @sebastianmack.bsky.social · 19/05/2025
Wie die EU den #Omnibus nutzen kann, um den Bürokratieaufwand für Unternehmen sinnvoll zu reduzieren und gleichzeitig die Wirkung der Nachhaltigkeitsberichterstattung zu verbessern, habe ich kürzlich hier aufgeschrieben: www.delorscentre.eu/en/publicati...
delorscentre.eu
Don’t throw it under the Omnibus: The EU needs to make sustainability reporting more effective
The Sustainability Omnibus marks the first in a series of European Commission initiatives aimed at simplifying EU regulation and significantly cutting red tape for businesses.
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Sebastian Mack @sebastianmack.bsky.social · 19/05/2025
In einem offenen Brief warnen Jurist:innen aus ganz Europa vor den negativen Folgen, sollte die EU die Pflicht zur Umsetzung unternehmerischer Klimaschutzpläne in der #CSDDD streichen: drive.google.com/file/d/1NQF-...
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Sebastian Mack @sebastianmack.bsky.social · 19/05/2025
Die EU-Kommission hat im Rahmen des #Omnibus vorgeschlagen, Artikel 22 des EU-Lieferkettengesetzes #CSDDD abzuschwächen. Firmen sollen eigene Klimaschutzpläne nur noch erstellen, aber nicht mehr umsetzen müssen. Das ist gefährlich - fürs Klima und für die Unternehmen. www.spiegel.de/wirtschaft/u...
spiegel.de
EU-Lieferkettengesetz: Juristen warnen vor Klimaschutz-Klagewelle gegen Unternehmen
Das europäische Lieferkettengesetz soll abgeschwächt werden. Internationale Juristen warnen in einem Brandbrief vor einer Lücke im EU-Recht. Und einer Klagewelle, die für Firmen teuer werden könnte.
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Sebastian Mack @sebastianmack.bsky.social · 16/05/2025
Hast du gute Ideen, wie die europäischen Finanzmärkte Bürger:innen, Unternehmen und Klimaschutz besser unterstützen können? Dann bewirb dich bis 31. Mai und werde Teil unseres @delorsberlin.bsky.social Teams! #Kapitalmarktunion #Bankenunion #GreenFinance hertie-school.dvinci-easy.com/en/p/en/jobs...
hertie-school.dvinci-easy.com
Policy Fellow (gn) - European Financial Markets full-time (40hrs/week)
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Thu Nguyen @onethuthree.bsky.social · 29/04/2025
Unser EU to go-Podcast wird 50 Folgen alt - und geht live!🎉   Am 5. Mai, einen Tag bevor Merz zum Kanzler gewählt wird, diskutieren wir mit @katarina-barley.de, Vizepräsidentin des EU-Parlaments, über die neue Bundesregierung und Europas Erwartungen.   Seid dabei! www.delorscentre.eu/de/veranstal...
delorscentre.eu
EU to go - Live podcast "Die neue Bundesregierung: Was erwartet Europa?" mit Katarina Barley
<p><strong>EU to go geht live – und ihr könnt dabei sein! Zum Anlass der 50. Folge unseres EU to go Podcasts spricht Thu Nguyen mit Katarina Barley, Vizepräsidentin des Europäischen Parlaments, und Jo...
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Sebastian Mack @sebastianmack.bsky.social · 24/04/2025
Auch wer (noch) kein Tagesspiegel-Abo hat, kann die Studie kostenlos auf unserer @delorsberlin.bsky.social Website herunterladen: www.delorscentre.eu/en/publicati...
delorscentre.eu
Don’t throw it under the Omnibus: The EU needs to make sustainability reporting more effective
The Sustainability Omnibus marks the first in a series of European Commission initiatives aimed at simplifying EU regulation and significantly cutting red tape for businesses.
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Sebastian Mack @sebastianmack.bsky.social · 24/04/2025
Der @tspbackground.bsky.social berichtet heute exklusiv über meine neue Studie zum Nachhaltigkeits-Omnibus. Zentrale Aussage: Vereinfachungen ja, aber nicht mir der Kettensäge - stattdessen wirksame Durchsetzung EU-weit. So helfen wir Wirtschaft & Klima! background.tagesspiegel.de/finance/brie...
background.tagesspiegel.de
Exklusiv: Think Tank kritisiert Omnibus
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Sebastian Mack @sebastianmack.bsky.social · 24/04/2025
🚨 Webinar: Join us on Monday, 28 April, 11:00-12:00, for an online discussion on shadow carbon financing, organised by the University of Witten/Herdecke. 🌱⛽💶 www.uni-wh.de/en/launch-of...
uni-wh.de
Launch of the [tra:ce] working paper series
The event shows how shadow financing undermines climate protection.
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Jacques Delors Centre @delorsberlin.bsky.social · 24/04/2025
📣 #NewPaper: The Sustainability #Omnibus aims at simplifying EU #regulation & cutting red tape. But the changes proposed by the #Commission risk hampering green investment. @sebastianmack.bsky.social calls on #EU co-legislators to make adjustment. Find out which 👉 www.delorscentre.eu/en/publicati...
delorscentre.eu
Don’t throw it under the Omnibus: The EU needs to make sustainability reporting more effective
The Sustainability Omnibus marks the first in a series of European Commission initiatives aimed at simplifying EU regulation and significantly cutting red tape for businesses.
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Sebastian Mack @sebastianmack.bsky.social · 01/04/2025
Important contribution by @simonschairer.bsky.social and colleagues on the evasion of carbon financing from traditional banks to the opaque shadow banking sector 👇
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Sebastian Mack @sebastianmack.bsky.social · 31/03/2025
New report ‪on how the financial sector escaped the EU Supply Chain Law #CSDDD ‬and what this means for the ongoing debate about the Sustainability #Omnibus. @finanzwende.bsky.social @financewatch.bsky.social @kcarlsonjourno.bsky.social @janosallamm.bsky.social www.finanzwende.de/fileadmin/us...
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Sebastian Mack @sebastianmack.bsky.social · 24/03/2025
Frank Elderson: “The debate on competitiveness should not be used as a pretext for watering down regulation.” Instead of lowering regulatory requirements he said the EU should focus on harmonising them across its 27 members. “Don’t cut rules, harmonise them,” he said. www.ft.com/content/a421...
ft.com
EU watchdogs warn that weakening rules risks another financial crash
Financial supervisors issue unusual warning as EU prepares to simplify regulation
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Thu Nguyen @onethuthree.bsky.social · 20/03/2025
Heute ist wieder EU-Gipfel und das bedeutet wieder die Frage, ob Viktor Orbán bei der Ukraine blockiert. Warum die autoritäre und Russland-nahe Regierung in Budapest ist ein Problem, das die EU endlich lösen muss, und wie das geht - mein Gastbeitrag heute bei @zeit.de: www.zeit.de/wirtschaft/2...
zeit.de
Viktor Orbán: Europa muss endlich sein Orbán-Problem lösen
Die EU kann die Sabotagepolitik von Ungarns Premier Viktor Orbán nicht länger weglächeln. Selbst ein Entzug des Stimmrechts darf kein Tabu mehr sein. Drei Ideen
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Jacques Delors Centre @delorsberlin.bsky.social · 20/03/2025
Yesterday, our expert for financial markets @sebastianmack.bsky.social spoke at the hearing on a macroprudential framework for non-bank financial institutions by the #ECON committee. The full statement given to the #EuropeanParliament can be read here 👉 www.europarl.europa.eu/cmsdata/2939... #NBFI
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
🚀 Europe deserves a Savings and Investments Union that truly unleashes its potential. Time for bolder action, not just incremental adjustments! #SIU
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
🌍 Tweaking securitization rules just benefits big banks—not the climate, not innovative businesses, not EU citizens.
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
💶 However, the most glaring issue: Today’s Communication provides no answer on how the #SIU will channel private capital into sustainable, productive investments that actually support the green and digital transition of the real economy. Isn't that the entire point?
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
💡 On the positive side, the European Commission wants to review the existing frameworks for EU pension funds (IORPs) and the EU pension product (PEPP). Together with the AREL #SingleMarket Lab and others, @delorsberlin.bsky.social recently outlined similar ideas bsky.app/profile/delo...
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
🚧 Why stick to Directives that invite gold-plating by Member States? Why not push for EU-wide Regulations to create real market integration?
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
🧩 Instead of bold steps like a European Capital Markets Code or requiring all financial service providers to offer a simple and affordable basic product to their clients, we got cautious tweaks. Where is the ambition to make ESMA and EIOPA the sole supervisor for large cross-border market players?
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
💤 Despite the urgent need for investment in climate protection, climate mitigation and competitiveness, the European Commission is shying away from presenting an ambitious roadmap with bold measures.
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Sebastian Mack @sebastianmack.bsky.social · 19/03/2025
After the wake-up calls by Enrico Letta and Mario Draghi, the European Commission's Communication on the Savings and Investments Union is a massive letdown. Where's the big bang Europe needs to tackle its challenges head-on? #SIU commission.europa.eu/news/savings...
commission.europa.eu
Savings and investments union: better financial opportunities for EU citizens and businesses
Savings and investments union supports a more integrated EU financial system that channels savings into productive investments. Find out more.
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Jacques Delors Centre @delorsberlin.bsky.social · 19/03/2025
„Das ist nicht der Wumms, den Europa bräuchte. Die Kommission scheut sich offenbar, einen wirklich ambitionierten Fahrplan vorzulegen.“ Finanzmarkt-Experte @sebastianmack.bsky.social in der #SZ über die Pläne zur #Kapitalmarktunion / #SIU der EU-Kommission 👉 www.sueddeutsche.de/politik/eu-g...
sueddeutsche.de
Europas Wirtschaft: So soll die EU attraktiver für Investoren werden
Schulden für Panzer? Schön und gut. Ohne einen starken Kapitalmarkt werde das aber nichts, heißt es in Brüssel. Die EU soll attraktiver werden für private Geldgeber, steht sich aber mal wieder selbst ...
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Jacques Delors Centre @delorsberlin.bsky.social · 19/03/2025
"« La communication de la Commission est une grande déception », tranche pour sa part @sebastianmack.bsky.social. « Ce n’est pas le big bang dont l’Europe a besoin face aux défis qui l’attendent. La Commission renonce à proposer des mesures audacieuses. »" par #L'Agefi 👉 www.agefi.fr/news/economi...
agefi.fr
Bruxelles évite les sujets qui fâchent sur l'Union des marchés de capitaux
Facilitation de la titrisation et des investissements en actions des acteurs institutionnels, recours au capital-risque, produit paneuropéen d’épargne retraite… La Commission présentera mercredi son p...
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Sebastian Mack @sebastianmack.bsky.social · 26/02/2025
Here you go! commission.europa.eu/publications...
commission.europa.eu
Omnibus I
Omnibus I
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Jacques Delors Centre @delorsberlin.bsky.social · 24/02/2025
„Richtig ist der Vorschlag, mit den zusätzlichen Mitteln risikoreichere Projekte zu finanzieren.“ Aber: „Wo Steuergeld verteilt wird, braucht es Transparenz und Rechenschaftspflicht,“ kommentiert @sebastianmack.bsky.social den Investment #Omnibus gegenüber @table.media 👉 table.media/europe/profe...
table.media
Trumps mögliches Eigentor + Russlands Gas-Gewinne + Investment-Omnibus
Nervöser Blick der Nachbarn auf die Bundestagswahl Trumps Zoll-Politik als Chance für Europa Russische Energieexporte: Moskau verdient so viel wie vor
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Sebastian Mack @sebastianmack.bsky.social · 04/02/2025
#Omnibus Simplify, not deregulate! More than 200 investors call on the @ec.europa.eu to preserve the “principles, aims and core substance” of #CSRD, #CSDDD and the EU Green #Taxonomy. Sustainability reporting is a prerequisite to inform and guide investment decisions. www.iigcc.org/media-centre...
iigcc.org
Investors warn Omnibus package could weaken EU sustainability disclosures, harming investment and economic competitiveness
A joint statement published by three leading European investor membership bodies and supported by more than 200 investors and other financial sector actors urging EU policymakers to focus on targeted ...
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Jacques Delors Centre @delorsberlin.bsky.social · 29/01/2025
Great news! We’ve been mentioned 7 times in the EU Think Tank Review – January 2025. @press.consilium.europa.eu Proud to see our work recognized in key policy discussions. Read more here: www.consilium.europa.eu/en/documents...
consilium.europa.eu
Think Tank Review - January 2025
Achieving better EU governance without Treaty change; EU strategic autonomy coupled with resilience and competitiveness; what a greener economy means for employment and jobs; fostering Europe’s and th...
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Sebastian Mack @sebastianmack.bsky.social · 20/01/2025
BDI position paper on "Rethinking Sustainability": english.bdi.eu/media/public...
english.bdi.eu
Publications - BDI
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Sebastian Mack @sebastianmack.bsky.social · 20/01/2025
EPP paper on "Enhancing competitiveness by cutting back bureaucracy and over-regulation": www.epp.eu/papers/europ...
epp.eu
EPP - European People's Party
The EPP is centre-right, pro-European political party which gathers over 82 parties from 43 countries.
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Sebastian Mack @sebastianmack.bsky.social · 20/01/2025
Europe's way forward? While the @eppgroup.bsky.social wants to put #CSRD, #CSDDD, #Taxonomy on hold and the #BDI calls for "more market-based solutions" to organise the green transformation, EU banks are considering quitting the already weak Net Zero Banking Alliance #NZBA www.ft.com/content/affb...
ft.com
Europe’s banks rethink climate collaboration as alliances struggle ahead of Davos
Top lenders in Europe are reconsidering their membership of the Net Zero Banking Alliance after US peers quit
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Sebastian Mack @sebastianmack.bsky.social · 15/01/2025
You may find some ideas for strengthening the macro-prudential framework for non-bank financial intermediation (NBFI) in the EU in my latest @delorsberlin.bsky.social policy paper: www.delorscentre.eu/en/publicati...
delorscentre.eu
Out of the shadow: A macro-prudential framework for NBFI in the EU
This paper makes recommendations for tackling the structural vulnerabilities posed by NBFIs and their potentially dangerous ties with banks and the broader economy.
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Sebastian Mack @sebastianmack.bsky.social · 15/01/2025
Today, the top financial watchdogs published their recommendations on margining practices in response to the 2020 “dash for cash” and other recent market turmoils. Addressing macro-prudential risks in the non-bank sector will be key also for the new @ec.europa.eu. #NBFI www.bis.org/press/p25011...
bis.org
Global standard-setting bodies publish three final reports on margin in centrally and non-centrally cleared markets
The Basel Committee on Banking Supervision (BCBS), the BIS Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today published ...
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Sebastian Mack @sebastianmack.bsky.social · 12/12/2024
Thanks to @kcarlsonjourno.bsky.social and the other fabulous colleagues @politico.eu for bringing the latest finance news to my inbox throughout the year - including coverage of my own papers 😉 The latest and last one for this year is on shadow banking: www.delorscentre.eu/en/publicati...
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Sebastian Mack @sebastianmack.bsky.social · 12/12/2024
The new Financial Services Commissioner Maria Luís #Albuquerque should not put urgent reforms on the back burner. Integrating financial supervision and enhancing transparency will face political headwinds, but is key to exploit the potential of the Savings and Investments Union.
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Sebastian Mack @sebastianmack.bsky.social · 12/12/2024
To prevent systemic risks from piling up and transmitting to banks, the EU needs to: ☑️Shed light on opaque private finance ☑️Introduce tools limiting liquidity mismatches and leverage ☑️Establish binding limits for banks’ NBFI exposures ☑️Coordinate supervision & create data hub
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Sebastian Mack @sebastianmack.bsky.social · 12/12/2024
While the European #CMU agenda seeks to reduce reliance on banks by advancing EU capital markets, the intermediation activities of NBFIs and banks have in fact become closely intertwined. cepr.org/voxeu/column...
cepr.org
Transformation of activities and risks between bank and non-bank financial intermediaries
Non-bank financial intermediaries have surpassed banks as the largest global financial intermediaries, yet they remain lightly regulated. This column argues that the intermediation activities and risks of non-bank financial intermediaries and banks have become intricately intertwined and should not be thought as operating in parallel or as substitutes. Examples of this transformation include corporate and mortgage loans, short-term funding, and contingent funding activities, as well as the growth of bank loans to such intermediaries. Regulation should therefore adapt from a focus on banking sector systemic risks to a nexus of non-bank financial intermediary-bank systemic risk.
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Sebastian Mack @sebastianmack.bsky.social · 12/12/2024
Structural vulnerabilities in the NBFI sector are: 1️⃣ Liquidity mismatches 2️⃣ Excessive leverage 3️⃣ Interconnectedness with banks & the economy 4️⃣ Fragmented oversight across the EU These vulnerabilities can reinforce each other, amplify shocks and endanger financial stability.
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