Pope Leo has canceled the exclusive control of the Vatican Bank over investments, granting departments the freedom to use foreign banks.
Miruna Brosban
International
Foto Eric/ABACA / Shutterstock Editorial / Profimedia
Always see our news on Google
Through a recent decree, Pope Leo has revoked the exclusive authority of the Vatican Bank over investments, a reform implemented by his predecessor, Francis. This decision allows Vatican departments to collaborate with foreign banks, but obliges them to adhere to the investment policies established by a committee created by Francis. The financial reputation of the Vatican has been affected by scandals, and previous reforms aimed at increasing transparency.
Sources
Papa Leon anulează una dintre reformele lui Francisc și taie o putere cheie a Băncii Vaticanului
Papa Leon al XIV-lea reduce din atribuțiile Băncii Vaticanului, care fuseseră acordate instituției de către papa Francisc - Economica.net
Papa Leon reduce puterile Băncii Vaticanului și anulează astfel una dintre reformele predecesorului său, Papa Francisc
Latest News
16:11
An 11-year-old student was taken to the hospital after a conflict with a classmate at a school in Timiș
16:08
Ireland will not participate in Eurovision for the second consecutive year due to Israel's presence
16:00
Rescuers in Sudan have recovered 82 bodies after a gold mine collapse / Dozens of people are still missing
15:56
The Support Association for Parents and Children with Autism Galați is organizing a charity ultramarathon for children and young people with autism, on October 3 and 4, at Balta Zătun
15:51
Ursula von der Leyen will present the EU agenda on September 16
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
