In part two of our interview with Marcel Tak, he discussed the role of the Dutch regulator Autoriteit Financiële Markten (AFM), the Dutch structured investment products association Nedsipa and the latest report from the European Securities and Markets Authority (Esma). AFM The Dutch regulator AFM has always kept a firm eye on structured products. Back in 2007 the watchdog conducted an exploratory analysis of structured products in which the AFM questioned whether investors were capable of unde