Supervisory Commission of Cardinals on the IOR gets the ball rolling, by Andrea Tornielli, Vatican Insider (April 30, 2014)

Supervisory Commission of Cardinals on the IOR gets the ball rolling

By Andrea Tornielli
Vatican Insider
April 30, 2014

http://vaticaninsider.lastampa.it/en/the-vatican/detail/articolo/ior-ior-ior-33791/

The group of cardinals called to oversee the Institute for the Works of Religion met today to "draw up guidelines for their action”

“The Supervisory Commission of Cardinals on the Institute for the Works of Religion met at 9 am today, Monday 28 April, to draw up guidelines for their action,” the Vatican said in a short statement. It has also been decided that the Supervisory Commission will initially meet thrice yearly, notwithstanding special circumstances necessitating other meetings,” the Vatican statement added.

The Commission, which oversees the body popularly known as the Vatican Bank, was reshuffled last January and its members currently comprise its president, Cardinal Santos Abril y Castello, who is Archpriest of the Basilica of Santa Maria Maggiore and by cardinals Christoph Schönborn, Archbishop of Vienna; Thomas Christopher Collins, Archbishop of Toronto; French Cardinal Jean-Louis Tauran who is President of the Pontifical Council for Interreligious Dialogue and the Secretary of State, Cardinal Pietro Parolin. Some of the Commission’s members have a close relationship of trust with Pope Francis.

Reading in between the lines of this statement, it is possible to see that the Commission intends to fulfill all its responsibilities in relation to the IOR. Those who claim that the creation of the Secretariat for the Economy – the centralized Vatican “finance ministry” headed by Cardinal George Pell – will make other entities redundant or less operational, are therefore mistaken.