VATICAN CITY
Vatican Radio
(Vatican Radio) European evaluators have highlighted the progress made in the past year by the financial institutions of the Holy See in a progress report published Thursday. The Council of Europe’s Moneyval published the report as a follow-up to its original 2012 report, which named several areas that needed updating to meet international standards. Since that time, several new laws have been passed by the Holy See and Vatican City State to better implement the suggestions.
The Director of the Vatican’s Financial Information Authority, René Brülhart, spoke to the head of Vatican Radio’s German section, Father Bernd Hagenkord about this latest report…
You have just returned from Strasburg [from meetings with Moneyval]. Are you happy with these discussions and this report.
The report has been fully adopted, so yes I think it is a very positive sign and the resolve you see is a very good one.
Is Moneval also happy?
I can’t talk for Moneyval, so I think the question should be addressed to them, but the discussions we had were very much focused…done in a very constructive manner. When you look at the report, it is a very comprehensive report, describing very much in detail about the steps the Holy See has taken over the last months, and obviously it seems we have satisfied Moneyval, otherwise the report would not have been adopted.
Last time we heard from Moneyval there was a kind of rating system, 16 important points, 9 of which fulfilled by the Vatican. Is there some ratings system this time as well?
What has been presented this morning is a so-called progress report, which is a follow-up report to the report which has been presented in July 2012, and based on the rules of procedures of Moneyval these progress reports never have any kind of re-rating. In other words, this report focusses on the implementation of the recommendations which have been made by Moneyval in its report of July 2012.
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