Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I thank Mr. Nava for his opening statement. I would like to acknowledge that he has come here representing the European Commission, and I thank the Commission, as a significant EU institution, for its co-operation with the inquiry.

I note that Mr. Nava comes from Milan. In that regard, I might use a comparison to explain what the European Commission does. Milan is very famous for its football teams. If I could describe banks as football clubs and central banks as national football associations, is Mr. Nava's role in the Commission comparable to FIFA or to UEFA in terms of setting the rules?