Card. Santos Abril nominated President of Cardinals’ Commission for IOR

Vatican City, 4 March 2014: The members of the Cardinals’ Commission of the Istituto per le Opere di Religione (IOR), popularly called the Vatican Bank, have nominated Cardinal Santos Abril y Castelló as their President, a Vatican Communique revealed on Tuesday.

According to the Institute’s Statutes, the members of the Cardinals’ Commission are appointed by the Holy Father for a period of five years. The Cardinals’ Commission is called to meet by its President at least twice a year. It reviews reports on major business processes and strategy presented by the President of the Board of Superintendence. The Commission further oversees the Institute’s adherence to statutory norms and appoints the members of the Board of Superintendence.

The Institute’s current Cardinals’ Commission was appointed in January 2014 by the Holy Father and is composed of Cardinal Santos Abril y Castelló (Archpriest of the Papal Basilica of St Mary Major), Cardinal Thomas Christopher Collins (Archbishop of Toronto), Cardinal Pietro Parolin (Secretary of State), Cardinal Christoph Schönborn (Archbishop of Vienna) and Cardinal Jean-Louis Tauran (President of the Pontifical Council for Interreligious Dialogue).
Source: VR Sedoc