David Cameron rejects 'snap' decision on banks inquiry

30 June 2012 Last updated at 09:51 ET Help

Prime Minister David Cameron has said he will not be pushed to make a "snap" decision about whether or not to order an inquiry into the banking system as a whole.

Earlier, ministers announced an independent review of the workings of the Libor inter-bank lending rate in the wake of the scandal at Barclays.

Labour has called for a full public inquiry in the wider industry.

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.