Read, Watch or Listen

Pope Leo XIV has begun undoing some of Pope Francis' financial decisions, abrogating a 2022 law that centralized Vatican bank power. The new decree allows the Holy See to use non-Vatican banks for efficiency. This is Leo's second significant reform, following the reassignment of a top administrator close to Francis. The moves signal a recalibration of Vatican power structures amidst ongoing financial reforms and legal proceedings.

Prepared by Emily Rhodes and reviewed by editorial team.