• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2024 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on April 22, 2025

    Featured image for article about Headlines

    VATICAN CITY (Reuters) - Roman Catholic cardinals will hold a conclave to elect the Church's 267th pontiff and a successor to Pope Francis, who has died at the age of 88. The date of the conclave will be announced sometime after his funeral on Saturday.

    Following are key facts about the conclave - one of the world's oldest and most secretive electoral processes.

    WHO TAKES PART IN THE CONCLAVE?

    There were 135 cardinals aged under 80 when Francis died and are thereby eligible to take part in the conclave. However, it is not known if all of them will attend.

    Cardinals aged 80 or over cannot take part in the conclave but can join the daily, closed-door sessions organised ahead of the election, called general congregations, where the senior prelates discuss issues facing the Church. 

    The person chosen as pope does not have to be one of the cardinal electors, but in practice now always is.

    The cardinal electors come from 71 countries, against just 48 in 2013, when Pope Francis was elected. Italians make up the biggest single national bloc, with 17 cardinals, against 10 from the United States and seven from Brazil. In all, there are 53 cardinal electors from Europe, 23 from Asia, 18 from Africa, 17 from South America, 16 from North America, 4 from Central America and 4 from Oceania. 

    WHERE DOES THE CONCLAVE TAKE PLACE?

    The cardinals hold their election in the Sistine Chapel, under Michelangelo's frescoes of the Last Judgment and of Bible scenes, including the creation panel with the fingers of God and Adam nearly touching.

    Most of the participating cardinals sleep in a Vatican hotel behind St. Peter's Basilica. They will be banned from communicating with the outside world - no phones, television or Internet. 

    HISTORY OF THE CONCLAVE

    The word conclave, from Latin cum clave (with a key), dates back to the protracted election of Celestine IV in 1241, when cardinals were locked up in a crumbling palace. One conclave in the 13th century lasted two years, nine months and two days. The average length of the past 10 conclaves was three days. The last conclave, which elected Francis in 2013, lasted just two days and involved five ballots.

    HOW DOES THE BALLOT WORK?

    Except for the first day, when only one ballot is held, the cardinals hold two daily balloting sessions until one candidate has a majority of two-thirds plus one. All participants are sworn to secrecy about the voting.

    WHAT DOES THE SMOKE SIGNIFY?

    Cardinals cast their votes on papers printed with the Latin words "Eligo in Summum Pontificem" ("I choose as Supreme Pontiff"). The ballots are gathered together and burned at the end of the morning and afternoon sessions, with smoke pouring from a makeshift chimney above the Sistine Chapel.

    Black smoke indicates inconclusive votes, while white smoke tells the outside world that a pope has been chosen. The great bell of St. Peter's Basilica will ring out as an additional sign that a new pope has been elected. 

    The smoke signals are expected at around noon and 7 p.m. each voting day. However, smoke could emerge earlier if the new pontiff is elected in the first ballot of one of the sessions.

    HOW IS THE NEW POPE ANNOUNCED?

    After a pope is chosen, a senior cardinal appears on the balcony of St. Peter's Basilica and announces in Latin: "Annuntio vobis gaudium magnum. Habemus Papam" ("I announce to you great joy. We have a pope"). He identifies the new pope by his given name, with his first name translated into its Latin version, and then announces the papal name the new leader of the Church has chosen.

    The papal names most often chosen have been John (23 times), Gregory (16), Benedict (16), Clement (14), Innocent (13), Leo (13) and Pius (12). Pope Francis was the first to choose that name, in honour of St. Francis of Assisi.

    Following the announcement, the new pope steps forward to deliver his first public address and his first "Urbi et Orbi" ("To the City and the World") blessing in front of the crowds gathered in St. Peter's Square.

    A few days later, the new pope will celebrate a Mass that marks the beginning of his ministry.

    (Reporting by Crispian Balmer; Editing by Janet Lawrence and Frances Kerry)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe