Credible,

Credible, with regard to a resolution plan, means a resolution plan that:
(1) Demonstrates consideration of required and prohibited assumptions set forth at § 1242.5(b);
(2) Provides strategic analysis and detailed information as required by § 1242.5(c) through (g) that is well-founded and based on information and data related to the Enterprise that are observable or otherwise verifiable and employ reasonable projections from current and historical conditions within the broader financial markets; and
(3) Plausibly achieves the purposes of § 1242.1(a).

Source

12 CFR § 1242.2

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Scoping language

Unless otherwise indicated, terms used in this part have the meanings that they have in 12 CFR part 1201 and in the Federal Housing Enterprises Financial Safety and Soundness Act (12 U.S.C. 4501 et seq.).

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