Francisco had ordered these changes after a series of financial scandals, including a disastrous real estate operation in London.
The new document stipulates that financial investments must be made according to the Vatican policy in that area.
The administration of the heritage of the Apostolic Headquarters (APSA), de facto the Sovereign Fund of the Vatican, must usually use the Vatican Bank.
But now there is an exception, when the competent bodies “consider that it is more effective or more practical to resort to financial intermediaries established in other countries,” says the document.
The Vatican did not report on the reasons to justify this change, but Pope Leo XIV declared before the finances of the city-state were not in a state as alarming as many believed it.
“Some make many statements about the financial situation of the Vatican. It is not the crisis that made us believe,” he said in a recent interview.
The situation “surely improved in relation to what it was 10 years ago”, thanks to Francisco’s reforms, he stressed.
The “Pope León seems to say with this Motu Proprio, that first there is no shortage of acute liquidity in the Holy See,” said Vatican specialist Ed Condon, editor in chief of the Catholic information site The Pillar.
And second, León “seems to have some confidence in the different departments of the Vatican about (his ability) to administer his own investment portfolios again, as things were done before,” said Condon to the AFP.
