Pope Leo XIV to Address Financial Issues, Transparency, and Trust Within the Vatican
Pope Leo XIV has begun reversing some of Pope Francis’s financial reforms, including a law that concentrated financial power in the Vatican bank. The new law allows the Holy See to utilize non-Vatican banks if deemed more efficient. This decision, along with the removal of a top administrator, signals a recalibration of power and a potential overhaul of a fundraising commission established under Francis. Additionally, the Vatican’s ongoing financial trial, marred by procedural issues, has been adjourned until February while prosecutors address errors in their appeals.
John Q. Hosedrinker