Source of this information: website of the Ethics & Trust in Finance Prize

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. It aims to encourages high-quality management of banking, insurance and financial services based on trust and integrity. Launched in 2006 and now in its 7th 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.

Every two years, the Prize invites young professionals to participate and contribute to the reflection of the importance on the benefits of a more ethical approach to banking and finance, promoting greater awareness of the need for ethics, integrity and trust in the finance sector. Candidates are invited to submit written papers that have not been previously published that examine the role of ethics and integrity in finance, especially taking account of the three before mentioned aspects. The papers could be analytical in character or they could be proposals for practical projects. In all cases, they should meet three criteria:

  • intellectual rigour,
  • innovative ideas,
  • clear conclusions

See best papers submitted in previous editions on the site of the organizer.

Since 2006, the competition has prompted a debate about many different aspects of Ethics in Finance, ranging from the role of compliance offices, the challenges of managing cash ethically, the contribution of micro-finance to economic development, and the way rating systems work, to name but a few. The Prize aims to encourage and promote:

  • Awareness of the fundamental role of ethics in the world of finance
  • Precise identification of ethical issues in financial activities and institutions, in both the public and private sectors
  • Proposals for implementation of initiatives and projects concerning teaching and regulating for ethics in finance

The deadline for handling in the final paper is set to 31 of May 2019.