The Ethics & Trust in Finance Prize – Formerly Ethics in Finance, Robin Cosgrove Prize – promotes greater awareness among young people throughout the world concerning the benefits of ethics in finance, and encourages high-quality management of banking, insurance and financial services based on trust and integrity. Launched in 2006 and now in its 6th Edition, the global competition for the Prize for Innovative Ideas for Ethics & Trust in Finance is open to young people, aged 35 years or younger, from throughout the world.
The competition invites creative papers, which may be submitted in English or French, setting out analyses or proposals for innovative ways to promote ethics & trust in finance. The Jury allocates the prize money of USD 20,000 among the winners.
The Prize has won recognition from the International Monetary Fund [IMF], which co-hosted the award ceremony for the 5th edition of the global Ethics in Finance Prize. The Ceremony took place at the IMF headquarters in Washington, USA, at a special event on the 21st September 2015. Ms. Christine Lagarde, Managing Director of the International Monetary Fund congratulated the Prize laureates. For more information about the Award Ceremony 2015, see http://www.obsfin.ch/ethics-in-finance-robin-cosgrove-prize-award-ceremony/
Euroclear and CFA are actively supporting the Prize and promote it to their staff and members and the wider financial services industry. Many other financial organizations across the world are promoting awareness of the Prize to their stakeholders and their younger staff. Since its inception, nearly one thousand individuals have expressed interest in submitting a paper for the Prize from over 80 countries. Final submissions considered by the global Jury have been in excess of 300.
The financial management of the Prize is under the supervision of the Observatoire de la Finance, which is a Swiss not-for-profit foundation, and home of the manifesto entitled ‘For finance that serves the common good’. Dr Paul Dembinski, Executive Director of the Observatoire, set up a distinguished international Jury of experts in ethics and finance to evaluate the papers submitted for the Prize.