Fed's Fischer warns to expect decreasing risk appetite

Fed's Fischer has been noted saying that it would be foolish to think risks are off the table and warned to expect decreasing risk appetite. 

Fischer made comments around the financial system and stability.

• Equity P/E levels are near the top of historical levels.
• Financial vulnerabilities 'moderate' compared to past periods.
• High asset prices may lead to future stability risks.
• Auto and student loans deserve scrutiny.
• Corporate sector 'notably leveraged'.
• Calls for 'close monitoring' of risk appetites.
• Fed still lacks enough info about shadow banking.