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Repealing the Hold to Maturity would have major negative consequences. There is a lot of misunderstanding on the purpose of HTM accounting.

HTM serves a purpose within the context of a bank's business model of liquidity, credit, and duration transformation. (I explain this… twitter.com/i/web/status/1640404786196660224

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Interesting commentary here - the move is not to repeal HTM but to increase reporting so potential failure becomes more obvious / harder to hide