September will see Citi host an event in London focusing on what is shaping up to be a red-hot topic this summer: the need for the financial services sector to mend its reputation and demonstrate that it is functioning ethically.

The event, which is taking place on 7 September at Citi’s Canary Wharf headquarters, is to promote the Ethics in Finance Robin Cosgrove Prize. The prize, now in its fourth year, sees young academics and financial services professionals from around the world submit creative papers setting out analyses or proposals on how to change the financial system for the better. Launched to honour the memory of Robin Cosgrove - an investment banker who died tragically in an accident at the age of 31 - entrants are invited to submit creative papers setting out analyses or proposals on how to change the financial system for the better. The Ethics in Finance Robin Cosgrove Prize attracts entrants from all over the world, not least because of the $10,000 awarded for the best paper.

The event will also promote a new book pulling together the 23 best and most innovative entries for the prize, entitled Trust and Ethics in Finance, which was launched in June at the Global Ethics Forum in Geneva.