The beleaguered British banking industry has faced angry politicians, regulators and consumers. This Autumn, a new player has joined the inquisition: a bespectacled bishop wearing a cross made of nails. The Right Reverend Justin Welby, Bishop of Durham, (See http://www.thetimes.co.uk/tto/faith/article3554265.ece ) is grilling top bankers as part of a new parliamentary inquiry into ‘banking standards’ that represents the U.K. government's latest attempt to shake up the industry. The inquiry was established in July on the heels of news that several banks allegedly sought to rig interest rates such as the London inter-bank lending rate, known as Libor. Bishop Welby, a former oil executive who sits in Britain's House of Lords, has joined nine other lawmakers in assembling a report that will consider new rules on everything from corporate governance to conflicts of interest. The inquiry also involves a series of public hearings already under way.

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