Briefs: Heritage's Minz to retire, Liberty prices inaugural MTN, ABA opposes capital floors 30 March 2015 4:35PM Banking Day staff Briefs, Heritage Bank chief executive John Minz has announced that he will retire when his current contract expires at the end of the year. Minz has been at Heritage since 1993 and worked in a number of management roles, including head of internal audit, before his appointment as CEO in 2003. Heritage said it would advertise the role. Liberty Financial has raised A$100 million of funding through its inaugural issue of medium term notes. The fixed rate notes, which mature in April 2018, will bear an interest rate of 3.75 per cent. Deutsche Bank and National Australia Bank were the joint lead managers. The Australian Bankers Association has sent a submission to the Basel Committee on Banking Supervision expressing strong opposition to a proposal that banks have a capital floor as part of their risk management. The Australian Financial Review reports that the ABA opposes the proposal, which would limit big banks' ability to use their internal risk models, on the grounds that it would make regulation unnecessarily complex.