IOR: FINANCIAL STATEMENTS FOR 2013 RELEASED, "PHASE II" OF REFORM BEGINS (4)

"At the beginning of my mandate, I repeatedly said that I would proceed with ‘zero tolerance’ for any suspicious activity", von Freyberg declared. "We have carried out our reforms in this spirit and have not only drastically improved procedures to make the Institute safer and more transparent, but have also put its ‘owner’ in a position to act on the basis of facts". "It is fair to say that over the past months this often painful but very necessary process has opened the door to a new, unburdened future for the IOR as a financial service provider that is fully and solely dedicated to serving the mission of the Catholic Church". "I would like to thank Ernst von Freyberg and the entire Board, Ronaldo Schmitz, Carl Anderson, Antonio Maria Marrocco, Manuel Soto Serrano as well as Director General Rolando Marranci and his team for their great dedication to the cause of delivering a safe and professional financial service to the Church and in bringing about the required improvements for the continuation of that service", said Card. Pell. "With the conclusion of Phase I of the reform process, we are now in a position to move the Institute to a second phase of reform under new leadership".

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