Overview
Richard Shilts brings four decades of experience working at the Commodity Futures Trading Commission (CFTC), including serving nine years as the director of the Division of Market Oversight. He has extensive experience related to the regulatory, statutory, oversight, and compliance policies and issues governing derivatives trading involving commodities, agriculture and energy products, financial products, and other nontraditional instruments.
In his position as director of the CFTC Division of Market Oversight, Richard played a significant role in the implementation of Dodd-Frank and served as a key policy advisor in addressing regulatory and compliance issues involving derivatives trading. He was also responsible for the CFTC's oversight of derivatives exchanges and surveillance of trading activity for commodity futures and swap markets in the United States. Additionally, Richard has experience in the approval of new derivatives exchanges and swap data repositories, reviews of product and rule filings, examinations of exchanges for compliance of regulatory requirements, and the development of rules and policies related to derivatives trading and reporting.
While at the CFTC, Richard directed the preparation of proposed and final rules to implement Dodd-Frank mandates to derivatives trading. He is considered an industry thought leader and regularly appears on industry panels, CFTC roundtables, and public meetings related to CFTC oversight, and Dodd-Frank implementation.
- Richard Shilts is a Senior Policy Advisor and does not provide legal advice.
- M.A., Case Western Reserve University, 1974
- B.A., Case Western Reserve University, 1973
Areas of Work
News & Publications
Client Alerts
June 13, 2024
By: Ryan Hayden, Micah S. Green, Alexandra C. Scheibe, Richard Shilts, Michael V. Dunn
Client Alerts
January 9, 2024
Client Alerts
December 22, 2023
Client Alerts
August 10, 2023
Client Alerts
August 9, 2023
Press Releases
Steptoe Launches Financial Services University
October 21, 2020
Client Alerts
One Week Until the 2016 Election - Public Policy Implications
November 2, 2016
By: Jason Abel, Leslie A. Belcher, Elizabeth Hurley Burks, Michael V. Dunn, Micah S. Green, Kate Jensen, N. Hunter Johnston, Darryl Nirenberg, Richard Shilts, Scott A. Sinder, Amanda Pedvin Varma, Philip R. West, Lisa M. Zarlenga
Client Alerts
How the 2016 Election Will Affect Public Policy Developments - Part III
October 20, 2016
Resources
Financial Services Group Advisory
Swap Dealers Face May 31 NFA Marketing Material Compliance Deadline
April 23, 2021
By: Richard Shilts
Financial Services Group Advisory
Key Takeaways: CFTC Issues No-Action Relief for FCM Treatment of Separate Accounts Under Rule 1.56
September 16, 2020
Financial Services Group Advisory
Forecasting the CFTC's 2020 Agenda
January 23, 2020
By: Micah S. Green, Daniel A. Mullen, Michael V. Dunn, Richard Shilts
Financial Services Group Advisory
Requestor Beware: CFTC Changes No-Action Publication Policy
January 13, 2020
Financial Services Group Advisory
October 28, 2019
By: Micah S. Green, Michael V. Dunn, Richard Shilts, Patrick Northrup (Legislative Assistant)
Financial Services Group Advisory
CFTC Adopts Final Swap Dealer Rule and Proposes Revised Swap Trading Rules
November 6, 2018