hi styx,
At one time, the level of expertise, was supposed to be 'mechanic', technician' , 'engineer'.
These grades gave some insight into the qualifications and experience of the "engineer".
As you say, anyone can say he/she is an 'engineer' without being challenged, as to how they came by that qualification.
Obviously during interviews, some proof of qualification should be asked for.
For the past 35 years I have been a Chartered Engineer, but I have never encountered a 'status' problem with Banks or other Institutions regarding the recognition of the salutation.
Regards.
Eric Gibbs C Eng; M.I.E.T.
edit: Styx, whats the esp for in the thread name?