UK banks pay out $1.9 billion for swaps mis-selling -regulator

LONDON, June 12 (Reuters) - Britain's banks have so far paidout just 1.1 billion pounds ($1.9 billion) of the 3.75 billionset aside to compensate customers who were mis-sold complexinterest rate hedging products, the financial regulator said.

The Financial Conduct Authority said on Thursday that bankshad finished reviewing all 30,000 potential cases of mis-sellingand had sent out 15,000 decisions to customers. To date, 7,000customers have accepted offers of compensation.

($1 = 0.5956 British Pounds) (Reporting by Matt Scuffham; Editing by Laura Noonan)