-issued bank notes (national bank notes) and central bank-issued bank notes (Federal Reserve notes) were simultaneously in … Federal Reserve notes were not issued to be a superior currency to national bank notes. Rather, they were issued to enable the … eventually eliminate national bank notes was that they were potentially a source of bank reserves. As such, they could have …

LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively … without the involvement of auditors in the supervisory process. A challenging task awaits the incoming Bank of England … Governor, Mark Carney – particularly given the reduced involvement of auditors in the bank supervisory process since the time …