USD denominated securities
Asian issued USD denominated bonds registered for trading in the US market, fall under the purview of the US Securities and Exchange Commission. To protect the public from fraud, US regulators analyze disclosures to determine whether the offering materials contain any untrue statements of material fact, or omit any material facts, that could make the disclosures misleading.

Local currency securities
The International Organization of Securities Commissions (IOSCO) formed a special "Chairmen's Task Force" in February 2004 in response to recent high profile incidents of securities fraud and market abuse. Its focus includes concerns over bond market transparency, the role of unregulated entities and complex group structures, appropriate sanctions and regulatory incentives to improve risk identification.

IOSCO is also trying to allow securities regulators to conduct cross-border investigations of international securities fraud, via a Memorandum of Understanding (MOU) on regulatory cooperation and information sharing.