The National Asset Management Agency (NAMA) should have the responsibility of establishing a base price for property in Ireland.

The bad bank should be made to make a call on pricing in order to help the economy recover according to a former CEO of Bank of Ireland.

Mike Soden says new personal insolvency rules are likely to run into difficulty.

This is because banks, some of which are private and others public, will be asked to follow the same rules.

They due to come into law later in the year.

Mr. Soden says NAMA should act to invigorate the market therefore helping people in debt.

He spoke to Breakfast here on Newstalk.