Click here to advertise on CatholicCulture.org

Pope renews terms of cardinals supervising Vatican bank

Catholic World News - February 18, 2013

Pope Benedict XVI has renewed the terms of 4 of the 5 cardinals on the committee that supervises the work of the Vatican Bank, of the Institute for the Works of Religion (IOR).

Rumors of sweeping changes in the supervisory board had circulated in Rome last month. But only one of the 5 cardinals on the board was replaced. Cardinal Attilio Nicora, the president of the new Financial Information Authority, was due for replacement because his new duties—ensuring transparency in all financial transactions--could create a conflict of interest with the work of the IOR, which he now scrutinizes. His place on the supervisory board has been taken by Cardinal Domenico Calcagno, president of the Administration of the Patrimony of the Apostolic See (APSA).

The other 4 members of the panel are Cardinals Tarcisio Bertone, the Secretary of State; Jean-Louis Tauran, the president of the Pontifical Council for Inter-Religious Dialogue; Odilo Schere of Sao Paulo; and Telesphore Toppo of Ranchi, India.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach five million Truth-seeking readers worldwide this year. Thank you!

Progress toward our April expenses ($17,660 to go):
$35,000.00 $17,340.48
50% 50%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Faith of the Fatherless: The Psychology of Atheism 2 hours ago
Relax; the Pope didn't change Church teaching with a phone call 3 hours ago
Round Trip to the present moment: a Catholic jazz artist's latest offering April 22
Easter with the Pope April 21
Smaller Church, Bigger Faith, 3: Ecclesiastical Discipline April 17

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: Easter Vigil homily (full text) CWN - April 20
Pope Francis's Easter Message 'Urbi et Orbi' (To the City and the World): full text, link to video CWN - April 20