Pope names new financial regulator chief following police raid


  • World
  • Wednesday, 27 Nov 2019

Pope Francis leads the weekly general audience at the Vatican, November 27, 2019. REUTERS/Guglielmo Mangiapane

VATICAN CITY (Reuters) - Pope Francis named a respected senior Bank of Italy official on Wednesday to head the Vatican's financial regulator, following unprecedented police raids on the organisation as part of an investigation into the purchase of luxury London real estate.

Carmelo Barbagallo, 63, former head of supervision at Italy's central bank, succeeds Swiss lawyer Rene Bruelhart as head of the Vatican's Financial Information Authority (AIF).

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