The funds were mismanaged and there were all kinds of problems. It was a honeypot that some clergy could dip into without being noticed. There are a couple of decades of information about the different problems.. Also probable underworld miscreants involved....Does anyone know the significance of this? @Birdie?
Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30
Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.www.catholicnewsagency.com
So, Pope centralizing it so there is more control. Reducing the number of hands in the pot.