How much progress is the Vatican financial watchdog making?

The ASIF gave itself good grades in its annual report this week. But how much has it really achieved?

The Vatican’s financial watchdog published its annual report May 10, touting increased international cooperation and the implementation of new regulatory laws issued by Pope Francis.

The Institute for Works of Religion, please don’t call it “the Vatican Bank.” Pillar file photo.

The report, issued by the Financial Supervisory and Information Authority (AS…