Vatican reforms will not be stopped, according to Joseph F.X. Zahra, an economist and Malta business and banking executive, who has spent the better part of the past few years helping to lead the changes taking place at the Vatican. In 2011, Zahra was appointed as one of five members of the International Audit Committee of the Holy See and the Vatican City State.
The Institute for the Works of Religion, commonly known as the Vatican bank, showed a large jump in profits in 2014 as it continued to winnow its accounts.
The institute reported a net profit of 69.3 million euros ($75.5 million) in 2014 compared to a 2013 net profit of 2.9 million euros.
The bulk of the profit, 55 million euros, was given to the Holy See for its operating costs.
Faith and Justice: The church has had problems with finances since Jesus appointed Judas to take care of the purse. Will the recent reforms of the Vatican bank solve things?
Pope Francis named a slate of new members to the Vatican's financial watchdog agency, replacing an all-Italian panel with members from Italy, Switzerland, Singapore and the United States.
Aboard the papal plane: Pope Francis said he will meet with six to eight sex abuse victims and confirmed an investigation of the Vatican's former secretary of state.
The Italian cardinal who served as the Vatican's No. 2 official under Pope Benedict XVI has rejected allegations that he mishandled 15 million euros ($20 million) from Vatican bank accounts.
Pope Francis began meeting Monday for the third time with the Council of Cardinals, but it remains unclear just what reforms are in the offing.
John Allen in Rome: Pope Francis has replaced a cardinal who headed the financial watchdog agency launched under Benedict XVI with a bishop associated with reform.