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Well-functioning financial markets are critical for supporting East Asia's ambitious growth and development agenda. Over the coming years, East Asia's financial sector will need to be highly diversified to meet the needs of increasingly complex and sophisticated economies. It will need to provide financial services efficiently, and it will need to be robust to withstand potential shocks in a fast-changing, globalizing world economy. Since the 1997 finanical crisis, East Asian economies have made significant progess in strengthening and diversifying their financial markets. But sizable...