Every two years, the Prize invites young professionals and academics to participate and contribute to the reflection on the importance of 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. Since 2006, the competition has prompted a debate about many different aspects of Ethics in Finance, ranging from the role of compliance offices, ethical investment and corporate social responsibility, the contribution of micro-finance to economic development, scandals and the persistence of financial misconduct, the ethical significance of fintech and the digital transformation of finance and the transition to a more sustainable financial system, to name but a few.
Deadline and presentation
Postponed deadlineThe deadline to submit your final paperfor the 9th edition is set to 30 of June 2023.Join the competition ! |
Candidates are invited to submit papers that have not been previously published, examining the role of ethics and integrity in finance from many possible practical angles and disciplinary perspectives. 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. Best papers submitted in previous editions are available in this site. 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;
- understanding of the role of ethics to support a more sustainable financial system.
Webinar – After FTX collapse: can cryptoassets be ethical? – 24 March 2023
The increasing use of cryptoassets is expected to bring many opportunities and benefits through greater competition and efficiency in financial services. At the same time, the volatility of crypto markets has fueled significant concerns for investors and consumers. In particular, the recent collapse of leading digital asset exchange FTX has spurred questions about ethical risks, including comingling of customer assets, lack of transparency, and conflicts of interest, while reigniting the debate around the regulation of crypto-assets globally. Our roundtable aims to identify and evaluate the ethical challenges and opportunities that crypto-assets pose to business and society.
Webinar – Will Sustainable finance deliver? What? How? When? – 7 March 2023
Sustainable Finance is rooted in the pledge that “doing well” and “doing good” can go hand in hand; that financial returns and positive social and environmental externalities can easily become complements; that finance is a positive-sum game. More than 30 years after the Earth Summit in Rio de Janeiro (1992) where the concept of sustainability has been defined, expectations as to the potential achievements of Sustainable Finance are higher than ever. But, at the same time, critical voices become louder: greenwashing, lack of tangible effects, the general lagging behind on climate targets, not to mentions social ones. Our Round-Table will assess realistically what can be expected from Sustainable Finance as of today, and what changes are necessary to increase its effectiveness.
Webinar – Insurance, Ethics and Sustainability – 1 December 2022
There are at least three key topics at the intersection of insurance and ethics in times of climate change transition. A first dimension is to address ethical dilemmas embedded in insurance related professions and in particular the ethical challenges facing groups such as actuaries, insurance lawyers and insurance marketers. Second, it is important to examine the specific ethical responsibilities of insurance companies in relation to risk and responsibility sharing to address big contemporary challenges such as sustainable development. Finally, one has to look at the ethical values at the core of the relationships between insurance companies and their clients, eg. trust or mistrust in insurance contracts, solidarity or fair distribution of rights and duties.
Official Launch of the 9th Edition of the Prize
The online launch ceremony included a Keynote address and a Roundtable discussion, “Artificial Intelligence in finance: ethical challenges and opportunities” and took place on Wednesday 8th June 2022 by Zoom.
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