Banco Santander (SAN) will likely shed 40 billion euros ($46.79 billion) to 45 billion euros of credit risk via significant risk transfers and other tools next year, Bloomberg reported Thursday, quoting preliminary estimates provided by Sergio Gamez, Santander's global head of capital, profitability management and asset desk.

Gamez told Bloomberg that the estimates for next year are broadly in line with those for this year.

"The [significant risk transfer] market is benefiting from regulatory and political support, which in turn is reassuring investors," Gamez told Bloomberg. "The [significant risk transfer] market is here not only to stay, but also to keep growing."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)