Derivatives industry sees breakthrough in push to scrap Libor

LONDON (Reuters) - The derivatives industry has indicated support for hardwiring into contracts a clear path forward if there is a sudden death of Libor, the interest rate benchmark that is due to expire by the end of 2021.The International Swaps and Derivatives Association (ISDA) - whose documentation underpins millions of transactions in the global swaps market - announced late on Wednesday preliminary findings from its second attempt to secure agreement on what happens when Libor ends.Libor's..