Reported 3 days ago
Pope Leo XIV has initiated changes to some of Pope Francis' financial decisions, particularly by repealing a 2022 law that centralized financial authority within the Vatican bank. In his first executive decree, Leo outlined that while the Holy See will generally use the Institute of Religious Works (IOR), it may also use non-Vatican banks if deemed more efficient. This move signals Leo's intent to rectify some of Francis' more contentious choices and realign the Vatican's power structure. Additionally, Leo has made moves to reorganize fundraising efforts and address issues raised during a high-profile financial trial concerning allegations of embezzlement.
Source: YAHOO