It was a busy week for Pope Leo's ballpoint pen as he signed off the first two official documents of his pontificate.

The Vatican published Coniuncta cura – “Shared responsibility” – on Monday, a week after the Pope approved it. Under a preamble about the need to foster “a dynamic of mutual collaboration”, it revokes Pope Francis’ August 2022 rescript that required the Holy See’s financial bodies to move all investment funds held in other banks into the Institute of the Works of Religion (IOR – the “Vatican Bank”). Instead, while the Administration of the Patrimony of the Apostolic See should generally use the IOR, it may also use other financial intermediaries abroad where the Vatican’s investment committee deems it “more efficient or convenient”.

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