Pope Leo XIV Allows Outside Banks to Manage Holy See Investments

Daniel Ibanez/CNA
Pope Leo XIV waves from the popemobile at the crowds gathered in St. Peter’s Square for Mass on Pentecost Sunday on June 8, 2025.

In Leo’s rescript, the investment activities must also conform to policies from the Vatican’s investment oversight committee, established in 2022 and chaired by Cardinal Kevin Farrell.

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