There is currently no way to configure a policy to set auto record for every meeting. For now, if I want an automatic recording to happen, I have to select meeting options within the meeting and set the checkbox.
My organization would like to set ALL meetings held within Teams internal and external to record.
I understand this is a feature request that is not currently an option, so I was encouraged to address this with the community.
I think the expectation is that companies that have this requirement would already have a preferred solution for their existing phone system, so Microsoft are enabling those solution to do the compliance recording in Teams. If your organisation hasn't used these services before they are pretty straightforward to set up, I've used Verint and Dubber before which are easy to get going.