facebook
twitter
rss
account
search
search
 

Pope taps new cardinals to oversee Vatican Bank

Pope Francis announced the appointment of new cardinals to oversee the secretive Vatican Bank, replacing all but one of predecessor Pope Benedict XVI's appointments.
Posted By JC Finley   |   Jan. 15, 2014 at 6:39 PM   |   Comments

Jan. 15 (UPI) -- Pope Francis appointed new cardinals to oversee the Vatican Bank, replacing all but one of predecessor Pope Benedict XVI's appointments.

Vatican Radio reported that the Commission of Cardinals will oversee the Vatican Bank, officially known as the Institute for the Works of Religion, for a five year period. The cardinals who comprise the commission are: Christoph Sch├Ânborn, Archbishop of Vienna, Thomas Christopher Collins, Archbishop of Toronto, Jean-Louis Tauran, President of the Pontifical Council for Interreligious Dialogue, Santos Abril yCastill├│, Archpriest of the Papal Basilica of St Mary Major, His Excellency Msgr Pietro Parolin, Titular Archbishop of Acquapendente and Secretary of State.

Suspicion regarding the secretive Vatican Bank prompted European regulators to push for greater transparency and adherence to international banking standards. The pope emeritus undertook some of those changes. A Vatican official who spoke on condition of anonymity to The New York Times said the reshuffle "has been in the works. It is a normal turnover. It is good for the working of the institution."

[Vatican Radio]
[New York Times]

Follow @OneCuriousWorld and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Why the fake braces trend may be dangerous for users Why the fake braces trend may be dangerous for users
2
Jared Leto 'stopped eating' for his 'Dallas Buyer's Club' role Jared Leto 'stopped eating' for his 'Dallas Buyer's Club' role
3
Gisele Bundchen, Tom Brady drop $14M on Manhattan home Gisele Bundchen, Tom Brady drop $14M on Manhattan home
4
Kelly LeBrock arrested for DUI Kelly LeBrock arrested for DUI
5
Brandi Brandt faces drug charges in Australia Brandi Brandt faces drug charges in Australia
Trending News
Around the Web
x
Feedback