It looked extremely dramatic when Pope Francis fired the entire board of the Vatican’s financial watchdog last week. But that was only the half of it. The seismic changes that are underway behind the scenes in Rome are even more radical than public appearances suggest. And they offer illuminating insights into the steely character of the man who likes to present himself to the world as a model of smiling humility.
The body known as Rome’s Financial Information Authority (F.I.A.) supervises everything from the Vatican Bank to the real estate of the Holy See, its staff salaries and even the Vatican pharmacy. Its five Italian members were due to serve until 2016 when Francis asked them to resign early — to be replaced by an international team of financial experts that includes Joseph Yuvaraj Pillay, the man who turned around the Singapore economy, and Juan Zarate, a former financial security adviser to President George W. Bush.