Efforts to reform and professionalize Vatican financial services and oversight continued as Pope Francis dismissed the all-Italian five-member board that oversees the Vatican’s financial watchdog agency on June 5, in a move widely interpreted as a blow to the Vatican old guard. According to a Vatican statement, the pope named five experts from Switzerland, Singapore, the United States and Italy to replace those who were removed from the board of the Financial Information Authority (A.I.F.), the Holy See’s internal regulatory agency. The five outgoing members had been expected to serve five-year terms ending in 2016. The sole American on the new board is Juan Zarate, a senior adviser at the Center for Strategic and International Studies and visiting lecturer at Harvard Law School. The pope has taken a hard line on cleaning up the Vatican finance system. According to a report by the Italian news agency ANSA, two senior officials at the bank have also been eased into early retirement after reports by two separate ad hoc committees appointed by Francis to study Vatican finances.
Vatican Finance Reform Continues
Show Comments ()
1
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
Dan Hannula
10 years ago
Why doesn't his Holiness go all the way and make the bank part of history like the Army of the Papal States?
The latest from america
The lie that Mary Magdalene was a prostitute persisted for centuries. A new play reclaims her story.
"Magdalene: I am the utterance of my name" is advocating for setting the record straight on one of Christianity’s most vital disciples.
This week on “Jesuitical,” Zac and Ashley struggle to resist the temptation to “type” each other as they learn about the Enneagram from Liz Orr, author of “The Unfiltered Enneagram: A Witty and Wise Guide to Self-Compassion.”
Keeping President Biden on the ballot is like telling voters: “Trust us. Don’t believe your eyes and ears.”
Many watching last night’s debate wondered if this was the end for Joe Biden. But I could not help but wonder if this was the end of presidential debates.