FRANCE
Expatica
The French businessman named to head up the Vatican bank vowed Thursday that its days of scandal were a thing of the past.
Jean-Baptiste de Franssu, former chief executive of Invesco Europe, was on Wednesday put in charge of the Institute for Religious Works (IOR) — as the bank is known.
He takes over following a year of internal investigations that resulted in the closure or suspension of thousands of suspicious, ineligible or inactive accounts.
“I believe there has been a lot of hype and focus on this institution in the past,” de Franssu told France’s Europe 1 radio.
“That said, there were criminal acts. But those are behind us,” he said. “Today the rules are very strict.”
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