Vatican Bank Scandal & Reform
Published on Dec 03, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
Background
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- Purpose of Vatican Bank (IOR)
- Historical Controversy
- Recent Years
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Behind the scandal: Financial crisis of faith
- Economic Downturn
- Caught in the Crosshairs
- Pope Benedict XVI
- Pope Francis I
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EDM ANalysis
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What should the pope do?
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What feels right
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Alternative Actions
- Keep bank open with strict and internationally accepted regulations.
- Add service-oriented functions within the bank’s activities.
- Publicity campaign to revamp bank's reputation.
- Temporarily shutdown bank to restructure.
- Vatican Bank join European Union's banking system.
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What the pope did...
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He decided to keep the IOR open & made the decision public on
April 7, 2014
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INCREASE TRANSPARENCY
-Adopted International Standards & Regulations.
-Cutbacks.
- "Council of Economy."
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