Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

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
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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 © 2010-2025 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.

    Home > Headlines > Pope Leo plans to keep Francis' key reforms but avoid bigger changes, he says
    Headlines

    Pope Leo plans to keep Francis' key reforms but avoid bigger changes, he says

    Pope Leo plans to keep Francis' key reforms but avoid bigger changes, he says

    Published by Global Banking and Finance Review

    Posted on September 18, 2025

    Featured image for article about Headlines

    By Joshua McElwee

    VATICAN CITY (Reuters) -Pope Leo will keep Pope Francis' signature policies to welcome gay Catholics, discuss women's ordination and give China input on bishop appointments, but is not planning big changes to Church teaching, he said in his first interview, released on Thursday.

    Leo, who became the first U.S. pope in May, also expressed concern about the political environment in the U.S. and the humanitarian situation in Gaza. But showing characteristic reserve compared to his predecessor, Leo shied away from directly criticizing President Donald Trump or from saying that Israel has committed genocide.

    The interview was conducted at the end of July for a biography being published by Penguin Peru. Initial excerpts were published last Sunday.

    "I don't plan to get involved in partisan politics," said Leo, who was raised in Chicago. "There are significant issues that can be raised, but it would be impossible for the pope to get involved in individual countries around the world."

    Leo likewise repeated Francis' firm condemnation of the sexual abuse scandals that have afflicted the 1.4-billion-member Church across the world, but also expressed concern about false allegations against priests.

    LEO HAS 'GREAT CONCERN' OVER GAZA SITUATION

    Leo, 70, has shown a more reserved style than his predecessor, who often gave interviews, spoke frankly about world events and sharply criticized both Trump and Israel.

    Francis, who led the Church for 12 years, suggested in late 2024 that Israel might be committing genocide in Gaza, drawing a backlash from Israeli leaders.

    In the interview, Leo said he had "great concern" for the situation in Gaza. "The word genocide is being thrown around more and more," he said. "The Holy See does not believe that we can make any declaration at this time about that."

    Leo also said he had not yet spoken with Trump but indicated that he had raised concerns about the administration's crackdown on migrants when he met with U.S. Vice President JD Vance in May.

    "I talked about human dignity and how important that is for all people, wherever you're born," Leo said about that meeting.

    "Obviously, there's some things going on in the States that are of concern," he added. "We continue to look for ways to at least respond and raise some of the questions that need to be asked."

    WORRY OVER FALSELY ACCUSED PRIESTS

    Francis approved a landmark agreement with China in 2018 that gives government officials some input into papal appointments there.

    Some conservative Catholics have criticized the deal as giving China too much influence, but Vatican officials stress that the pope retains final decision-making power.

    "In the long term, I don't pretend to say this is what I will and will not do," Leo said about the deal. "In the short term, I will continue the policy that the Holy See has followed for some years now."

    On the abuse scandals, which have damaged the Church's standing as a moral voice, Leo said that victims "must be treated with great respect and with an understanding that those who have suffered ... carry those wounds for their entire life".

    Leo also voiced concern about false allegations.

    "Statistics show that well over 90% of people who come forward and make accusations, they are authentically victims," he said. "But there have also been proven cases of some kind of false accusation."

    Francis largely tried to open up the staid Church to the modern world, drawing criticism from conservative Catholics, even some cardinals, who worried he was watering down the Church's strict teachings.

    He issued a decree in 2023 allowing priests to administer blessings to same-sex couples on a case-by-case basis. He also created two commissions to study the ordination of women as deacons, an issue previous popes had banned discussion about. The Catholic Church has an all-male clergy.

    Leo said he would maintain Francis' openness toward both women's leadership in the Church and LGBT Catholics, but did not suggest further steps forward.

    CHURCH TEACHING TO REMAIN 'AS IT IS'

    "I hope to continue in the footsteps of Francis," Leo said about the late pope's move to appoint more women to senior Vatican positions.

    "The topic becomes a hot-button issue when the specific question is asked about ordination," said Leo. "I at the moment don't have an intention of changing the teaching of the Church on the topic."

    The pope gave a similar answer about whether the Church could change its teaching to allow same-sex marriages.

    "The individuals will be accepted and received," said Leo, referring to LGBT Catholics. "The Church's teaching will continue as it is, and that's what I have to say about that for right now."

    Leo also addressed the Vatican's financial woes, which include an 83-million-euro ($98.33 million) budget shortfall, and a much larger funding gap in its pension fund.

    The pope said funding was improving. "I don't think the crisis is over ... but I'm not losing sleep over it," he said.

    ($1 = 0.8441 euros)

    (Reporting by Joshua McElweeEditing by Crispian Balmer and Frances Kerry)

    Related Posts
    Sydney funerals begin for Bondi Beach Hanukkah shooting victims
    Sydney funerals begin for Bondi Beach Hanukkah shooting victims
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Slovaks rally against government moves they see damaging rule of law
    Slovaks rally against government moves they see damaging rule of law
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures on European service providers after EU fines
    US threatens countermeasures on European service providers after EU fines
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says

    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

    More from Headlines

    Explore more articles in the Headlines category

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Germany wraps up Patriot air defence mission in Poland

    Germany wraps up Patriot air defence mission in Poland

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    View All Headlines Posts
    Previous Headlines PostEU needs deals with India, others to reduce US dependency, von der Leyen says
    Next Headlines PostWhy France and Italy's 10-year borrowing costs match for the first time