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
16:25
An ECFR analyst calls on Europeans to refuse the use of their bases for attacks on Iran unless there is evidence of an imminent threat
16:24
NASA astronauts Anil Menon and Joshua Kutryk install the seventh IROSA solar panel on the International Space Station
16:22
CNAIR considers diverting traffic from the A10 Motorway onto DN1 to be a safer solution than keeping traffic on a single carriageway for the duration of the reinforcement works
16:16
The Finance Minister says that rating agencies are keeping a close eye on Romania: “They could show us the red card at any moment”
16:15
The former director of the National Palace of Children admitted that she embezzled 47,750 lei and concealed income from gambling
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
