Early retirements at Vatican bank suggest new push for reform
Catholic World News - June 04, 2014
Two ranking officials at the Institute for Religious Works (IOR) have been eased into early retirement, signaling a likely acceleration of reforms in the Vatican bank.
The ANSA news service reports that the two officials had worked at the IOR for years, and their departure suggests a strong push to change the management approach of the Vatican institution. The two were encouraged to take early retirement shortly after the completion of reports by two separate ad hoc committees appointed by Pope Francis to study Vatican finances in general and the functioning of the IOR in particular. The Vatican bank has also received reports from auditors and consultants suggesting a streamlining of management and strengthening of procedures to ensure accountability.
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 July expenses ($9,390 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!