Increasing competition for consumers and the adoption of the so-called “Danish model” would improve the current “dysfunctional” mortgage market which has an unhealthy level of mistrust between customers and lenders, the chair of the Competition and Consumer Protection Commission (CCPC) has said.

WHEN Fianna Fáil set up Nama in 2009, it was a painful but necessary response to Ireland’s financial crisis, notwithstanding the fact that the party bore major responsibility for the economic meltdown in the first place.