LONDON (AP) — British lawmakers have voted to allow a parliamentary committee to investigate the banking industry in the wake of an interest rate manipulation at Barclays.
Calls for a lengthier external inquiry led by a judge were rejected.
The House of Commons debate was noisy and bitter. Afterward, legislators voted 330 to 226 in favor of establishing a Parliamentary committee to carry out the study, intended to learn lessons from the rate fixing scandal.
Prime Minister David Cameron had wanted approval for what he called a "swift and decisive" investigation to be carried out by a joint panel of members of the House of Commons and the House of Lords.
Despite voting for a probe led by a judge, the opposition Labour Party said it would cooperate.
Parliament has been stirred into action by the rate-setting scandal disclosed last week that cost Barclays bank $435 million in fines.