Vatican City, Oct 5, 2020 / 05:45 am America/Denver (CNA).
Pope Francis on Monday named Cardinal Kevin Farrell president of a committee to monitor internal Vatican financial decisions which fall outside of new accountability norms.
Called the “Commission for Reserved Matters,” the five-member group is tasked with overseeing financial agreements which are exempted from Pope Francis’ new public contract law, promulgated June 1.
In addition to Cardinal Farrell, prefect of the Dicastery for Laity, Family, and Life, Pope Francis named Archbishop Filippo Iannone, president of the Pontifical Council for Legislative Texts, as the commission’s secretary.
The members appointed were Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See (APSA); Fr. Juan A. Guerrero, S.J., prefect of the Secretariat for the Economy; and Bishop Fernando Vergez Alzaga, secretary general of the Governorate of Vatican City State.
The commission is responsible for monitoring those financial transactions which, mainly for reasons of security, are not subject to Pope Francis’ new anti-corruption norms.