VATICAN CITY, Italy — Pope Leo XIV on Monday loosened the Vatican’s rules on financial investments, rolling back a reform introduced by his predecessor Francis.
In a Motu Proprio, or legal change, the US pope repealed Francis’s 2022 order that the Institute for Religious Works (IOR) — the so-called Vatican Bank — should have exclusive competence over…
https://business.inquirer.net/551132/pope-leo-loosens-vatican-financial-reins