Innovative ideas for ethics in finance wanted for prestigious prize of USD$20k project funding

The fifth Robin Cosgrove Prize has been launched – entries from those aged 35 and under are wanted  Proposals with fresh ideas are being sought for the 2015 Ethics in Finance Robin Cosgrove Prize. A USD$20,000 award will be given towards funding the best project idea, judged by an international panel of experts in the […]

By Association of Chartered Certified Accountants

October 13, 2014

The fifth Robin Cosgrove Prize has been launched – entries from those aged 35 and under are wanted 

Proposals with fresh ideas are being sought for the 2015 Ethics in Finance Robin Cosgrove Prize. A USD$20,000 award will be given towards funding the best project idea, judged by an international panel of experts in the field.

Applicants are asked to submit a paper consisting of a maximum of 5,000 words (including notes and annexes, but excluding bibliography) which meet the following criteria:

  • Intellectual rigour
  • Innovative ideas
  • Clear conclusions

The award is available internationally, and entries can be written in English or French.

It honours the vision of Robin Cosgrove, a bright investment banker, who died at the age of 31. He believed passionately that the lack of integrity and ethical practice in banking and finance could be a major barrier to sustainable economic development.

Dr Carol Cosgrove-Sacks said: “The financial sector rests on trust. Robin was convinced that there was a danger that many banks and other financial enterprises were losing peoples’ trust, which he feared would have disastrous results. His prescient vision from 2004 prompted the creation of the Ethics in Finance Prize, well before the financial crisis of 2008. Over the last eight years this iconic Prize has had world-wide impact. We are delighted that ACCA Global will help us to promote the Prize to young people with an interest in the accountancy, banking, insurance and other aspects of the finance sector.”

Ewan Willars, ACCA’s director of policy and representative of the partnership for this prize, said: “This prize is something that is at the heart of ACCA’s values, in particular that of integrity.

“We believe that, as did Robin Cosgrove, that without it and ethics in the finance profession, not only does it stunt development of the economy, but also the general public loses faith in the profession.

“The current economic situation around the world is case in point that the finance profession is being depended on to find solutions to resolve the crisis, so this needs to be done in an ethical way.

The prize is managed by the Observatoire de la Finance, a Swiss not-for-profit foundation in Geneva, and Dr Carol Cosgrove-Sacks; and is in partnership with ACCA ( Association of Chartered Certified Accountants) and CFA Institute.

The deadline for submissions is 15 April 2015.

For more information about the prize or how to submit proposals, visit http://www.robincosgroveprize.org.

Association of Chartered Certified Accountants

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

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