Vatican City, Jun 7, 2022 / 05:49 am
Cardinal Kevin Farrell will chair a new committee to oversee investments, the Vatican said on Tuesday.
The 74-year-old Irish-American cardinal will lead a committee of four finance professionals.
Since 2020, Farrell has also led a committee to monitor internal Vatican financial decisions that fall outside other accountability norms.
The investment committee was established by the Vatican’s new constitution, Praedicate evangelium, to ensure “the ethical nature of the Holy See’s movable investments according to the social doctrine of the Church and, at the same time, their profitability, appropriateness, and riskiness.”