The 2013 edition of the Prize attracted some 400 participants coming from more than 80 countries.
Following an initial review, 65 texts were evaluated by a distinguished international Jury, composed of renowned specialists from many financial disciplines.
After very thorough reviews and discussions, the Juries short-listed a group of 11 papers as Nominees/Winners for the Ethics in Finance- Robin Cosgrove Prize:
- Lessons from LIBOR: moving beyond compliance to explore the dynamics of ethics in banks, Prabhay Joshi
- Corporate market responsibility: ethical regulation for orderly financial markets, Rafel ARP Gomes
- Suppose we change the (meta)rules of the game?, Ewa Kruchowska
- Banking, ethics and sustainability: the need for a self-critical look at corporate social responsibility strategies, Beatriz Cuevas Fernández
- The need to make ethics part of finance: a new dimension in corporate governance in Latin America, Guadalupe del Carmen Briano Turrent
- Online Interbank Funding Platform for social-impact projects, Ángel López Ortega
- Pour un marché du crédit aux particuliers plus éthique : l’introduction d’une composante conjoncturelle anticyclique dans le coût du credit, Fabien Hassan
- Why even good people are likely to do bad things in finance – it’s not the people that are flawed, it’s the culture, Krzysztof Osesik
- Primum non nocere (first do no harm): can the principles of medical ethics be applied to finance?, Joanna Givens
- Common sense, Elia Breijo Pena
- Epistemological foundations for the relationship between ethics and finance, Germán Scalzo
These papers were published in Finance abd the Common Good/Bien Commun.
The papers were also published in a special issue in Spanish and Portuguese, thanks to the support of MAPFRE:
- Las lecciones del LIBOR: exploración de la dinámica de la ética en los bancos más allá del cumplimiento normativo, Prabhay Joshi
- La responsabilidad económica empresarial: una regulación ética para unos mercados financieros ordenados, Rafael ARP Gomes
- ¿Y si cambiásemos las (meta)reglas del juego?, Ewa Kruchowska
- Banca, ética y sostenibilidad: La necesidad de una reflexión autocrítica sobre las estrategias de Responsabilidad Social Corporativa, Beatriz Cuevas Fernández
- La necesaria integración de la ética en las finanzas: una nueva dimensión del gobierno corporativo en Latinoamérica, Guadalupe del Carmen Briano Turrent
- Plataforma web de Financiación Interbancaria para proyectos con impacto social, Ángel López Ortega
- Por un mercado del crédito a particulares más ético: introducción de una componente coyuntural anticíclica en el coste del crédito, Fabien Hassan
- Por qué incluso las buenas personas son proclives a actuar de forma poco ética en las finanzas? El problema no son las personas, sino la cultura, Krzystof Osesik
- Primum non nocere (lo primero es no hacer daño): ¿pueden apli-carse los principios de la ética médica a las finanzas?, Joanna Givens
- Sentido Común, Elia Breijo Pena
- Fundamentos epistemológicos de la relación entre ética y finanzas, Germán Scalzo
THE WINNERS
The 2012-2013 Global Edition of the Prize was launched at Citi Bank in London. The joint winners are:
- Rafael Gomes: Corporate market responsibility: ethical regulation for orderly financial markets [Portuguese, currently working in London]
- Rafael Gomes is a consultant on risk and sustainability at Accenture Risk Management. He is also collaborating on emerging financial services such as peer-to-peer lending, crowdfunding and ad hoc currencies. Rafael originated the concept of Corporate Market Responsibility for this PhD thesis at the International Centre for Corporate Social Responsibility at Nottingham University Business School. He holds an MSc in Politics of the World Economy from the London School of Economics, and a BSc (Econ) in Economics from University College London
- Prabhay Joshi: Lessons from Libor; moving beyond compliance to explore the dynamics of ethics within banks [British of Indian origin, working in London]
- Prabhay Joshi is a recent Economics graduate from University College London. He worked at Citigroup for two and a half years in London and Amsterdam across a number of functions including Export & Agency Finance, Corporate Client Coverage, Financial Institutions Client Coverage and Trade Finance. More recently he worked for a social enterprise called Balloon Kenya, supporting a youth group of Kenyan entrepreneurs to launch a takeaway coffee business in the town of Nakuru. He has just joined PA Consulting Group’s financial services practice, focussing on capital markets consulting.
The 2012-2013 regional Ibero-American Prize was launched at MAPFRE in Madrid. The results are:
- German Scalzo: The fundamental anthropological links between ethics and finance /Fundamentos antropológicos de la relación entre ética y finanzas [Argentina].
- Ángel López: Proposal for a web platform for inter-bank finance for social impact projects/Plataforma web de Financiación Interbancaria para proyectos con impacto social [Spain].
- Beatriz Cuevas: The necessity for critical reflection on corporate social responsibility strategies/ La necesidad de una reflexión autocrítica sobre las estrategias de Responsabilidad Social Corporativa[Spain].
