What publications make the "top 10" reading list of bank chief executives and chief financial officers. While the selections vary from executive to executive, it's safe to assume that exposure drafts of proposed statement of financial accounting standards are never included.
Or is never too strong a word? What if the proposed changes in accounting practices mean that your bank will exceed its legal lending limit because a loan participation agreement no longer qualifies as a sale? What if they could change how you structure repurchase agreements or the structuring alternatives and cost of capital in your credit card or automobile securitizations as sales instead of financings?