Furore over mortgage rates throws light on a still-broken bank system

The row over the legislation on mortgage rates going through the Dáil has highlighted much more than the high costs many thousands of people are paying for their home loans.

It has exposed the faultlines running through a banking industry, which, eight years after the onset of the huge banking crash, is still far from healthy.

The focus has already widened to fall on the high costs Irish SMEs are paying for their business loans compared with their peers in the eurozone.