VATICAN CITY
BBC News
A commission of inquiry has been set up by Pope Francis to review the activities of the Vatican bank, following recent scandals.
Earlier this month, he named a trusted cleric to oversee the management of the bank, which is known officially as the Institute for Religious Works.
The institution, one of the world’s most secretive banks, has been beset by allegations of money-laundering.
It has 114 employees and $7.1bn (£4.6bn; 5.4bn euros) of assets.
The new commission is tasked with ensuring the bank operates in “harmony” with the mission of the Church.
It is made up of Mary Ann Glendon, a Harvard law professor, and four senior clerics: Italian cardinal Raffaele Farina, French cardinal Jean-Louis Tauran, Spanish bishop Juan Ignacio Arrieta Ochoa de Chinchetru and US cleric Monsignor Peter Bryan Wells.
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