Victoria Cardiel, Catholic News Agency
Thursday, October 16, 2025
With the motu proprio Coniuncta Cura, (“Shared Responsibility”), the Holy Father revoked the exclusive right that the Institute for Works of Religion (IOR by its Italian acronym, and popularly known as the “Vatican Bank”) had of investment management, opening the door to the use of other foreign financial intermediaries if deemed more efficient or appropriate. The new regulations do not seek to remove investments from the Vatican’s purview but rather to open the possibility of management to other accredited financial intermediaries.
