Head of Vatican's finance watchdog named

Catholic News Service reports:

Pope names head of Vatican investments to new watchdog agency

By Carol Glatz Catholic News Service

VATICAN CITY (CNS) -- Pope Benedict XVI named the president of the Vatican's investment agency to head a new watchdog agency charged with monitoring all Vatican financial operations.

Italian Cardinal Attilio Nicora, 73, is president of the new Financial Information Authority, which the pope instituted Dec. 30 to oversee the monetary and commercial activities of all Vatican-related institutions, including the Vatican bank.

The pope also named the members of the four-person executive board.

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