Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What happens when a (Internation) Central securities depository goes bankrupt?
There is no generic answer and it would depend on case to case basis.  CSD are built on strong foundation in the sense they would have very low cost base and generally would not go bankrupt.  However if such a situation as CSD provide an essential role, the regulator, central bank and Government would all step in to prevent a total collapse. They would be forced merged with other entity or more capital raised or put under watch by Govt appointed trustee to settle issues so that there is least or No impact.