“Banks have a lot of flexibility in how they create their credit risk inputs and even more as to how they design their market and operational risk models. No one, other than modellers at the specific banks can really tell you if a bank is adequately capitalised,” said Mayra Rodriguez Valladares, a regulatory consultant. “This means that their capital and leverage ratios, along with liquidity, cannot be trusted. These issues are of the utmost importance to make sure that banks are adequately capitalised.”