National Catholic Reporter

The Independent News Source

George Pell

Pope Francis confirms continuing existence of Vatican bank

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Pope Francis, accepting the recommendations of his international Council of Cardinals and other advisory groups, has decided the Vatican bank will continue to exist and has approved a plan to increase its transparency and accountability.

The Vatican press office issued a statement Monday saying the pope "has approved a proposal on the future" of the Institute for the Works of Religion, the formal title of the bank. The Vatican, however, did not release details of the proposal.

Pope confirms heads of Vatican curial agencies

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Pope Francis confirmed the head of the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life and named among its new members Australian Cardinal George Pell, Canadian Cardinal Marc Ouellet, and Archbishop Joseph Tobin of Indianapolis.

The Vatican announced Saturday that the pope confirmed Brazilian Cardinal Joao Braz de Aviz as prefect of the congregation, the Vatican office that oversees the world's religious orders.

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