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.
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 seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our June expenses ($11,894 to go):
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!