The two were secretly filmed allegedly offering their
services to a private firm for cash. Both deny wrongdoing.
Mr Bercow told Sky News it "may well be errors of
judgement have been made".
Meanwhile, two senior Conservative peers have claimed that
being an MP is not a full-time job.
Mr Bercow's comments follow Sir Malcolm's resignation as
chair of Parliament's Intelligence and Security Committee on Tuesday, and his
announcement that he will not stand again in the coming general election.
The Conservative party whip has been withdrawn from Sir
Malcolm, while Mr Straw - who had said last year that he was retiring as an MP
in May - has suspended himself from the Labour Party.
The MPs have referred themselves to Parliament's standards
watchdog but deny breaching House of Commons rules.
The two former foreign secretaries featured in an undercover
investigation
Reporters posed as staff of a fake Chinese firm and held
discussions with the MPs about joining the company's "advisory
board".
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