Vatican Bank to Choose Gotti Tedeschi's Successor

Vatican Insider
June 27, 2012

http://vaticaninsider.lastampa.it/en/homepage/the-vatican/detail/articolo/ior-vaticano-vatican-16352/

The Vatican bank's (IOR) headquarters

The Vatican bank's supervisory council has met and reported to the commission overseeing the bank's activities, led by Cardinal Tarcisio Bertone

The first board meeting since the vote of no-confidence in the Vatican bank's (IOR) former president Ettore Gotti Tedeschi on 24 May, took place today. Current members of the board include Vice-President, Ronaldo Hermann Schmitz who acts as interim president, Carl Anderson, Antonio Maria Marocco and Manuel Soto Serrano.

One of the themes of the meeting, a communiqué explains, is "the identification of internationally recognised criteria for professionalism and experience, ahead of the selection of the bank's new president."

The communiqué, which was published by the Holy See press office, regarding the meeting of the board of lay people and the next meeting with the commission of cardinals that oversees the bank's activities, stated that: "The two meetings were useful in enabling us to share information and suggestions both for ordinary management and the identification of internationally recognised criteria for professionalism and experience, ahead of the selection of the President of the Supervisory Council."

The communiqué also stressed that "the Holy Father Benedict XVI is following the current situation of the Institute for Works of Religion (IOR) closely and is constantly kept up to date through the Cardinal Secretary of State."