It is believed that Glenn Stevens, the government of the Reserve Bank of Australia (RBA) is determined to stay on his top job even after he faces a an ongoing parliamentary inquiry into the note-printing scandal.

Mr Stevens has said that he regrets that the governance at the RBA's subsidiaries was not strong enough to prevent the scandals that tarnished the name of the country's central bank. He informed that the joint committee on the Australia commission for law enforcement integrity that the two companies involved in the scandal has carried out a lot of work to reform their policies.

"To the best of our knowledge the companies had appropriate policies, but clearly in the end if these matters occurred then one can only conclude for all that ... it wasn't good enough. There is no way around that," Mr Stevens said during a hearing in Canberra.

There are allegations against Mr Stevens and former RBA deputy governor Ric Battellino of corruption relating to the involvement of Note Printing Australia (NPA) and Securency International. The allegations are relating to the techniques used by the agents of the two firms, which are subsidiaries of the RBA to win note-printing contracts abroad.

There were concerns over the behavior of some agents in 2007 but the police was only alerted in 2009, after the publishing of allegations in a newspaper. Stevens had said earlier that it may have been a sensible step to alert the police about an internal central bank probe into the note-printing scandal.