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Pope replaces cardinal at head of Vatican financial authority

Published on Jan 31, 2014 12:27 AM

VATICAN CITY (REUTERS) - Pope Francis on Thursday replaced a cardinal who played a senior role in Vatican finances for more than a decade, in his latest move to clear out the old financial guard associated with his predecessor.

The Vatican said the pope had accepted the resignation of Cardinal Atillio Nicora as president of the Vatican's Financial Information Authority (AIF), its internal regulatory watchdog.

Nicora, 76, held high-level roles in Vatican finances since 2002. He was replaced by Bishop Giorgio Corbellini, 66, who has a track record of reform within the Vatican bureaucracy.

The move, which follows the replacement of four cardinals connected to the Vatican bank on Jan. 15, came as Francis is approaching the first anniversary of a pontificate marked by austerity and sobriety.

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