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
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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
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