Pope Leo XIV Introduces Significant Reform to Holy See’s Investments

Pope Leo XIV introduces significant reform to Holy See’s investments

The Institute for Works of Religion (IOR), popularly known as the Vatican Bank. / Credit: Vatican Media Vatican City, Oct 15, 2025 / 07:00 am (CNA). Last week, Pope Leo XIV introduced a significant reform to the financial architecture of the Holy See.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) — popularly known as…

Pope Leo XIV Introduces Significant Reform to Holy See’s Investments

Vatican Media The Institute for Works of Religion (IOR), popularly known as the Vatican Bank. The new regulations do not seek to remove investments from the Vatican purview but rather to open the possibility of management to accredited financial intermediaries.