We have a dangerous shortfall this month—$7,848 short—a serious deficit. Your support needed NOW!
Click here to advertise on CatholicCulture.org

New prelate to join Vatican bank leadership?

Catholic World News - January 31, 2011

The Vatican bank, the Institute for Religious Works (IOR), will soon have a new prelate on its leadership team, according to Italian media reports.

Msgr. Luigi Misto, who handles financial affairs for the Archdiocese of Milan, will be appointed “prelate” of the IOR, working alongside the bank’s chairman, Ettore Gotti Tedeschi. Msgr. Misto would work with Cardinal Attilio Nicora, the president of the Vatican’s newly empaneled Financial Information Authority. He would also have the ear of the Secretary of State, Cardinal Tarcisio Bertone.

In the past, the office of “prelate” within the Vatican bank has caused some tensions, creating at least a strong perception that the IOR has had dual lines of authority, with the prelate sometimes taking actions without consultation with the chairman, who is a banking professional.

The office of “prelate” of the IOR has been vacant for the past year. The last prelate was Bishop Piero Pioppo, who had previously served as secretary to the former Secretary of State, Cardinal Angelo Sodano. Coming to the Vatican bank as Cardinal Sodano stepped down, Bishop Pioppo was widely seen as the retired cardinal’s man at the IOR. Last January he was appointed the apostolic delegate to Cameroon and Equatorial Guinea.

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 seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our January expenses ($7,848 to go):
$35,000.00 $27,152.12
22% 78%
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
Shop Amazon

Recent Catholic Commentary

The Human Mix of Good and Evil 17 hours ago
Conscientious objection to vaccinations 20 hours ago
Can Islam confront its problem with violence? 21 hours ago
On the failure of history—and historians—without Christ January 29
Salvation? No matter who we are, one price. January 28

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis names 20 new cardinals CWN - January 5
In ‘state of the world’ address, Pope decries ‘throwaway culture’ CWN - January 12