VATICAN CITY
National Catholic Register
by Edward Pentin Wednesday, June 27, 2012
The supervisory board of the Institute for Works of Religion (IOR), popularly known as the Vatican Bank, held its first meeting today since the board issued a vote of no confidence in former president Ettore Gotti Tedeschi last month.
The meeting, in which members discussed the selection of Gotti’s successor, took place a day before the IOR receives a large group of journalists at its offices as part of efforts, initiated by Pope Benedict XVI, to increase transparency.
In a communique published this afternoon, the Vatican announced the board had “two very useful meetings for sharing information and proposals both regarding day to day management as well as the universal criteria of professionalism and experience that are called for in light of the choice of [the Bank’s] new president.”
The statement said one of the meetings involved the board reporting to a supervisory commission of cardinals, chaired by Cardinal Tarcisio Bertone, the Vatican Secretary of State.
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