Pope Leo has canceled the exclusive control of the Vatican Bank over investments, granting departments the freedom to use foreign banks.

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.