Pope overhauls commission of cardinals supervising Vatican bank
Catholic World News - January 15, 2014
Pope Francis has thoroughly overhauled the commission of 5 cardinals who supervise the work of the Vatican bank, the Institute for Religious Works (IOR).
The Vatican announced on January 15 that the Pontiff has renewed the mandate of the supervisory commission, but replaced 4 of the 5 cardinals on that commission.
The new commission is composed of: Cardinal Santos Abril y Castello, the archpriest of the basilica of St. Mary Major; Cardinal Thomas Collins of Toronto; Cardinal Christoph Schönborn of Vienna; Cardinal Jean-Louis Tauran, the president of the Pontifical Council for Inter-Religious Dialogue; and Archbishop Pietro Parolin, the Secretary of State (who will become a cardinal at the February consistory). The Vatican did not indicate whether the Pope has appointed a chairman for the commission; a report published last week by the Italian daily Corriere della Sera said that Cardinal Abril y Castello would be given that post.
Last February, shortly before his resignation, Pope Benedict XVI had renewed the terms of 4 of the 5 cardinals then serving on the IOR commission. At the time, Vatican-watchers had been expecting a more extensive turnover, in light of the problems that had plagued the Vatican bank. Now Pope Francis has brought about the change, replacing 4 of the cardinals who had served less than 1 year of their proposed 5-year terms on the body.
Among the cardinals named by Pope Francis, only Cardinal Tauran had been appointed by Pope Benedict last year. The other members of the IOR commission, whose terms have now ended, were Cardinal Tarcisio Bertone, the former Secretary of State (whose place is now taken by his successor, Archbishop Parolin); Cardinal Domenico Calcagno, the president of the Administration of the Patrimony of the Apostolic See; Cardinal Pedro Scherer of Sao Paolo; and Cardinal 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!
Our Fall Campaign
Progress toward our year-end goal ($64,089 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!