Business Times

Global competition with $20,000 prize promotes ethics in finance

Young professionals working in public sector finance and banking have been invited to apply for a new prize as part of their training and personal career development. The ‘Robin Cosgrove Prize for Ethics in Finance’ awards prize money of $20,000 for creative and unpublished papers setting out innovative ideas to promote ethics in finance, the organisers of the award said this week.

“By encouraging young professionals to examine their own attitudes and behaviour, the Robin Cosgrove Prize promotes sustainable ways for encouraging higherstandards of ethics and integrity in all aspects of finance. The Prize reflects Robin's vision. He was a bright young investment banker who died at age 31. He believed passionately that a major barrier to sustainable economic development was the lack of ethical practice in banking and financial systems,” a statement said.

The Robin Cosgrove Prize for Ethics in Finance has special relevance for Emerging Markets. Young people working in the public or the private sector, or undertaking advanced studies, who are concerned to develop their own ideas and qualification regarding this important topic, are invited to submit a written paper with their experience and proposals, it said.

The third edition of the Robin Cosgrove Prize was launched in April 2010. Young professionals, aged 35 years or younger, can submit a paper on promoting ethics infinance, in English or in French, before the deadline of midnight, 31st of March 2011 (CET). The Prize will be awarded at a prestigious ceremony in mid 2011. Further details could be obtained from

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