FDIC Backs Plan on Key Bank Capital Rule Affecting Treasuries

The Federal Deposit Insurance Corp. advanced regulators’ plan to ease a key capital rule that big banks have said limits their ability to act as intermediaries in the $29 trillion Treasuries market.

The FDIC announced on Friday that it had backed the proposed revisions to what’s known as the enhanced supplementary leverage ratio, which requires banks to hold a certain amount of capital relative to their assets.