This CEPS paperback presents an abridged version of a study carried out by ECMI-CEPS and the law firm Marccus Partners for the European Commission and supplemented by additional policy recommendations. The study analyses the implementation of the EU Directive on takeover bids and more widely the corporate governance considerations surrounding takeover regulation from a legal and an economic perspective. 

CEPS and ECMI wish to engage market participants, together with international experts, academics and regulators, in a discussion on long-term investing and long-term saving products, including private retirement savings. The purpose of this Task Force is to bring together a diverse group of stakeholders and deliver a list of policy recommendations to strengthen both (a) the single market for long-term savings, including private retirement savings, and (b) long-term investing in Europe, given its role in promoting growth and ensuring the provision of adequate retirement income.