The Observatoire de la Finance, a Swiss not-for-profit foundation based in Geneva (www.obsfin.ch), has launched the Robin Cosgrove Prize, a new prize that aims to promote greater awareness of the benefits of ethics in finance. The Prize honours the vision of Robin, a bright young investment banker who died at age 31. He believed passionately that a major barrier to economic development was the lack of ethical practice in banking and financial systems.

An international Jury will award the prize money of USD 20.000 to young people, aged 35 years or younger, for creative and unpublished papers setting out projects or proposals for innovative ways to promote ethics in finance. Papers must be submitted 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.