The recent letter from Eurogroup President Centeno mentions further work on proposals on SRB guarantees to the Eurosystem, and on the capacity of the SRB to provide collateral to banks in resolution. You can imagine that, with my central bank hat on, I can only support these initiatives.
Whatever the outcome of the technical work, the instrument should be designed in line with the FSB Guiding Principles. This means: it should only be available on a temporary basis, when private funding sources are insufficient, on conditions that minimize moral hazard.