Fishing regulators are trying to broker peace between two of the most economically important fisheries in the Northeast, herring and haddock. One of the areas where fishermen seek the two species is Georges Bank, a critical fishing ground off of New England. Herring are important as bait and sometimes as food, while haddock are a staple of New England’s fish markets and seafood restaurants. Herring fishermen are allowed a “catch cap” of haddock in Georges Bank every year.