Vatican bank to make public disclosures?
CWN - May 14, 2013
The Vatican bank will make its balance sheets public this year.
Ernst von Freyberg, the new president of the Institute for Religious Works (IOR), told reporters on May 14 that the bank would release public reports before the end of this yea. He said that an “international organization” would be asked to audit the bank’s transactions, judging them against both the Vatican’s own new rules for financial disclosure and European banking standards.
The IOR, which has been criticized for lax supervision of financial transactions, is awaiting a new comprehensive appraisal from European banking examiners, which is due in December.
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 March expenses ($26,810 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!