Conflicts of interest Conflicts of interest are a type of moral hazard that occurs when a person or institution has multiple interests, and serving one interest is detrimental to the other. The classic conflict developed in financial institutions is: Underwriting and Research in Investment Banking Explain how the previous conflict of interest (Underwriting and Research in Investment Banking) affects the ethical practices and corporate social responsibility for underwriters, editors, or credit rating agencies? What are the implications of this conflict of interests on the stakeholder’s benefits? What are the alternatives practices which enhance the ethical corporate social responsibility practices and what course of actions required achieving this enhancement?