The Institute of International Finance (IIF) an advocacy organization focused on finance based in Washington D.C. And operating in 60 countries has conducted a review of the European Commissions proposed legislation for the digital euro. According to their assessment the proposal is found to have effectiveness.
In their evaluation the IIF examined seven areas covered by the legislation and determined that six of them were only partially addressed. For example they found that the cost benefit analysis provided in the proposal was oversimplified and relied heavily on existing research or was altogether lacking.
Regarding measures for ensuring stability and facilitating bank intermediation, such as setting holding limits there is a lack of clarity on how these limits would be implemented or enforced. The study also highlights
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First found on: IIF Finds Gaps in European Commission's Digital Euro Legislation
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