The Observatoire de la Finance just sent in the description of their new prize - under innovative ideas for ethics in finance.
"The new international prize aims to promote greater awareness among young people in the banking and related financial industries of the benefits of ethics in finance. The Robin Cosgrove Prize is open to young people, aged 35 years or younger, from throughout the world. It will be awarded for creative papers setting out projects or proposals for innovative ways to promote ethics in finance and banking, especially in emerging markets.
The Robin Cosgrove Prize honours the vision of Robin, who was a bright young investment banker who died at age 31. He believed passionately that a major barrier to economic development was the absence of integrity and often the lack of ethical practice in banking and financial systems. “How can a country prosper”, he would ask, “if people cannot trust their banks or financial institutions?”
The management of the Prize is under the supervision of the Observatoire de la Finance, which is a Swiss not-for-profit foundation based in Geneva (www.obsfin.ch)
The Observatoire, working in cooperation with Dr Carol Cosgrove-Sacks, Robin’s mother and a former director in the United Nations in Geneva, has set up a distinguished international Jury to evaluate the papers submitted for the Prize. The Jury will allocate the prize money of USD20,000.
Entries for the competition for the Prize are invited to address the subject of Innovative Ideas for Ethics in Finance. The papers must be submitted electronically to the Observatoire before the deadline of midnight, 28th February 2007 (CET). The entries may be written in English or in French, or in another language with a translation into English or French.
Further details regarding the Prize, Robin’s vision, the international Jury, and the terms and conditions for submitting papers for the 2006-7 Prize will be found at the website: www.robincosgroveprize.org."