Friday, June 01, 2012

Fired head of Vatican Bank enemy of transparency?

Anderson says Vatican bank fired president to increase transparency. Published in the6/1/2012edition of The Pilot: 

Carl A. Anderson, head of the U.S.-based Knights of Columbus and secretary of the Vatican bank's board of supervisors, said a commitment to promoting transparency led the board to fire Ettore Gotti Tedeschi as bank president.

The board unanimously passed a vote of "no confidence" in Gotti Tedeschi's leadership May 24 during a meeting in which the Italian banker was allowed to speak "for more than 70 minutes," according to a memorandum released by Anderson.

The board of the bank, formally known as the Institute for the Works of Religion, issued an unusually blunt statement through the Vatican Press Office May 24, noting that members had repeatedly expressed concern to Gotti Tedeschi about the bank's "governance," but that the "situation has deteriorated further.

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