NO.PZ2020033003000038
问题如下：
In the process of securitization, which of the following participants is the least likely to face a conflict of interest?
选项：
A.
Loan originator and issuer.
B.
Credit rating agency and underwriter.
C.
Trustee and investor.
D.
Loan originator and underwriter.
解释：
C is correct.
考点： Securitization Process
解析：托管人和投资者是不面临证券化过程中的利益冲突的。
最早的贷款发起银行，SPV，评级机构，负责打包的投行都不同程度的面临利益冲突。
请解释一下conflict of interest
