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Gearcity controller city4/8/2023 ![]() Swiss CO2 emissions: Small country, big footprint Last month, he instituted a committee to oversee the ethics of all Vatican investments. It had resisted oversight even from the Secretariat for the Economy, which the pope instituted in 2014 to oversee all Vatican finances and put a lid on decades of scandals caused by the fragmentation of finances, in which different departments exercised control in a fiefdom-like way.Īs a result of the botched and embarrassing London deal, the pope stripped the Secretariat of State of control over its own investment funds in 2020. The Vatican's Secretariat of State first invested in the building in 2014 with funds from its own sovereign wealth fund, managed without external controls. The pope was asked if he believed enough controls were now in place so that similar scandals could not take place again. Ten people including a Vatican cardinal and two Italian financial brokers are on trial in the Vatican on charges including embezzlement, fraud, money laundering and extortion relating to the building. The interview took place a day after the Vatican announced it had completed the sale of the building on Sloane Avenue in Chelsea, taking an estimated hit of about 140 million euros. ![]() In other parts of the interview he denied that he was planning to resign anytime soon, denied that he had cancer, spoke of his hopes to go to Moscow and Kyiv and disclosed that for the first time he would appoint women to a Vatican committee that helps him choose bishops. Vatican finances were one of the many Church and international topics the 85-year-old pontiff discussed in an exclusive interview with Reuters in his Vatican residence on July 2. VATICAN CITY (Reuters) - Pope Francis said he hoped that the recent sale of a luxury London building at the centre of an ongoing corruption trial meant the Vatican can see the back of financial scandals. REUTERS/Remo Casilli reuters_tickers This content was published on J15:39 J15:39 Pope Francis looks on during an exclusive interview with Reuters, at the Vatican, July 2, 2022.
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