The Prize was set up to promote greater awareness of the need for ethics, integrity and trust in the finance sector. Since 2006 the Prize has become a global instrument for encouraging young professionals throughout the world to reflect on the benefits of a more ethical approach to banking and finance. The competition for the Prize 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 aimed 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.
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 aspects of the question mentioned above. 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, and clear conclusions.
The final deadline for submission of entries is 31 July 2017. The prizewinners will be announced at a special ceremony to be held in Autumn 2017.