55In the first place, it must be pointed out that the origin of Regulation No 806/2014 lies in the EU legislature’s intention to prevent crises such as the ‘sub-prime’ crisis, in 2008, from occurring. This is why that regulation has the objective of establishing, in accordance with recital 8 thereof, more efficient resolution mechanisms, which must be an essential instrument to avoid damages that have resulted from failures of banks in the past. That objective presupposes a speedy decision-making process, as the short time limits laid down in Article 18 of that regulation illustrate, so that financial stability is not jeopardised. Such an objective cannot, therefore, be disregarded when interpreting that provision to determine whether or not the ECB’s FOLTF assessment constitutes, in the context of the resolution procedure, a challengeable act, since recognition of such an assessment as being in the nature of a decision could significantly affect the speediness of that procedure.
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