New financial legislation eases uncertainty and should pave the way for bank stocks to recoup...

|By:, SA News Editor

New financial legislation eases uncertainty and should pave the way for bank stocks to recoup some of their losses, but regulators still have work to do, such as defining what is meant by prop trading and how it will affect firms' market-making activities. Financial firms are headed into a two-year limbo period as regulators fill in the blanks, St. Louis Fed President James Bullard says.