It is unclear how KfW ended up putting money into Lehman Brothers at a time when most other institutions were unraveling their exposures, but it is likely to have involved a less-than-rigorous oversight of transactions working their way through KfW's system.
Despite the changes plastic has made to the way we conduct transactions, few rigorous studies have been done to ascertain the impact the medium has had on our spending habits.
The two also said the board did not implement rigorous enough controls to ensure the transactions were in the best interests of the company.
Mr. Florance, who has been developing CoStar since the mid-1980'saidaid commercial real estate lends itself to rigorous financial analysis more than residential transactions do.
"After a rigorous investigation, we concluded that the transaction, as originally proposed, was anticompetitive," Christine A. Varney, assistant attorney general in charge of the Justice Department's antitrust division, said in a news conference.
As a result of our rigorous internal audit processes, we are content that transactions are in line with Welsh government business objectives".
With the Cole memo in place, the Financial Crimes Enforcement Network or FinCEN, the agency that combats money laundering, created rigorous reporting standards that require banks to report on financial transactions they think are cannabis-related and to assess whether that transaction complies with state law or is suspicious.
"Each transaction guaranteed by MBIA needs to pass a rigorous underwriting process proving no losses will arise under the worst probable case scenario," the company said in a typical investor presentation just three years ago.
Deutsche Bank issued a statement Monday saying said the financing transaction with Monti dei Paschi in 2008 "was subject to our rigorous internal approval processes and also received the requisite approvals of the client who was independently advised".
In order to keep the financial transaction transparent, each of the program organizers has to go through rigorous documentation for both banking and their own institutional purposes.
