Last week, Pope Leo XIV introduced a significant reform to the financial architecture of the Holy See. With the motu proprio Coniuncta Cura, (“Shared Responsibility”) the Holy Father revoked the ...
In Leo’s rescript, the investment activities must also conform to policies from the Vatican’s investment oversight committee, established in 2022 and chaired by Cardinal Kevin Farrell. Pope Leo XIV ...
Pope Leo XIV is changing the management of the Holy See’s financial investment activities, effectively clipping the powers of the Vatican Bank. The leader of the world’s 1.4 billion Catholics who was ...
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