European Diversified Financials: Lunchtime snack

Research evidence excerpt

European Diversified Financials: Lunchtime snack

Equity Research

European Diversified Financials

29 May 2026

Lunchtime snack

We assemble an easily digestible summary of all our research,

reporting and news from the last week to enjoy over lunch.

Highlights include: Lots of feedback on the Savings & European Diversified Financials POSITIVE

Investment Union and our ENX data centre trip. On the menu European Diversified Financials

next week: Paragon (n/c) H1 26 results & Nordic platform May Michael Sanderson

stats +44 (0)20 3134 2487 michael.sanderson@barclays.com

Barclays, UK

THE HOUSE SPECIAL Grace Dargan

Chart of the week +44 (0)20 3555 4065

grace.dargan@barclays.comThis week we shared investor feedback from our work around the European Savings and

Investment Union, whilst also reflagging the panel we hosted on this topic at our Leadership

Conference last week. One of the biggest points of debate has been around the length of time to Krystal Han

see tangible benefits, and what the near-term catalysts are whilst we wait. We include our +44 (0)20 7116 1890

krystal.han@barclays.comsummary timeline below which includes some of the key things to watch out for.

FIGURE 1. SIU timeline: A multi-year framework of initiatives with a long-dated pay-off Hafsa Yasir

Near-term catalysts +44 (0)20 7116 3644 Proposal EU Venture Capital Fund reg review (3Q26)

Consultation Banking review Ĥnal report (3Q26) hafsa.yasir@barclays.com Medium-term

Formal adoption catalysts Barclays, UK

Other Securitisation package

1Q26 (End 2026) Claudia Gaspari

Banking review Supplementary +44 (0)20 3134 6039

PE exits pensions package claudia.gaspari@barclays.com (End 2028)

Market integration and Barclays, UK Mar 2025 Apr 2024 supervision package Introduction Letta Report 2Q25 (End 2028)