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Columbia Threadneedle Investments is lowering management fees to 0.23% from 0.28% for the Columbia Multi-Sector Municipal Income exchange-traded fund and to 0.16% from 0.35% for the Columbia EM Core ex-China ETF. The company is closing the Columbia Beyond BRICs ETF, the Columbia EM Quality Dividend ETF, the Columbia India Infrastructure ETF and the Columbia India Small Cap ETF. ETF Trends (17 May.)
US financial regulators should pay attention to whether Facebook's proposed cryptocurrency system would comply with rules on consumer protection and privacy, Sen. Mike Crapo says. MLex (subscription required) (17 May.)
UK and US asset managers running a delegated model in Ireland or Luxembourg after Brexit will face regulatory scrutiny regarding whether their presence is justifiable. Financial Times (subscription required) (18 May.)
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