Pope Francis is taking on the challenge of reforming one of the oldest institutions in the world – the Roman Catholic Church.
Francis has appointed a group of eight cardinals from around the world as senior advisors to examine how to improve the Vatican’s administration.
The group have kicked off three days of closed-door meetings to start looking at what to do.
The Vatican Bank could be in the firing line. It has been dogged by scandals and the Pope has not ruled out closing it.
In a sign of improved transparency, it has published the first annual report in its 125-year history.
The bank said the document, which was audited by accountancy firm KPMG, met a level of openness that Catholics around the world “rightfully expect”.