Vatican Bank will open its books-CathNews NZ/Pacific

Vatican Bank will open its books

Tuesday, May 21st, 2013

The Vatican has confirmed that the Vatican Bank, the Institute for Religious Works, will start publishing its balance sheets online by the end of 2013.

The news was announced by the bank’s new president, Ernst von Freyberg, in a meeting with bank staff.

He said that other documents would also be made public on a special website, and that an “international organisation” would be consulted to oversee that transactions are in accordance with Vatican and international standards.

Additional reading

News category: News Shorts.

Tags: Ernst von Freyberg, Vatican bank, website

The optimism of Timothy Radcliffe

Fr Timothy Radcliffe, the Dominican friar, was chosen by Pope Francis to lead the three-day retreat for all participants prior to the first assembly last October of the Synod on Synodality. This was a position of great trust given the Read more

Theologian: The future of the church is local

In Europe, the number of church members is declining – but Christianity remains strong worldwide. However, the structures do not remain stable, but are constantly changing. Thomas Schlag is Professor of Practical Theology at the University of Zurich, where he Read more

The perils and necessities of saying ‘I don’t know’

When I was studying political science in graduate school, I was surrounded by students who were much smarter than me. Most of my fellow students at the University of California Berkeley went to Ivy League schools as undergraduates. They were Read more

Survey: New priests are young and involved in their community

The incoming class of seminarians who will be ordained in 2024 is young and involved in their community, an annual survey released April 15 found. The U.S. Conference of Catholic Bishops commissioned the Center for Applied Research (CARA) at Georgetown Read more

CathNews New Zealand