Vatican Financial Regulator Signs Information-Sharing Deal With U.S.

Wall Street Journal

June 30, 2014

ROME—The Holy See’s financial supervisor and regulator said it signed an information-sharing agreement with the U.S. regulator overseeing national banks, as the Vatican continues efforts to boost transparency and international cooperation.

The Financial Information Authority, or AIF, said the accord with the U.S. Office of the Comptroller of the Currency, or OCC, represents a significant strengthening of cooperation between the Holy See and the U.S.

“This is a further step in the Holy See’s efforts toward perfecting a system of financial regulation,” said René Brülhart, the director of the AIF, said in a statement.

“The Holy See is part of a global family of well-regulated jurisdictions and the signing of this agreement reflects that very clearly,” added Mr. Brülhart, a Swiss national, who has been in charge of the AIF since November 2012.

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