Global Settings are tenant-wide settings that you can activate and set for:
Microsoft 365 groups and Teams
The settings list is constructed dynamically directly from Azure Active Directory (Entra ID), and may change without notice.
Current Global Settings include:
Flag indicating if access check for application privileged updates is turned on.
Password Rule Setting
Banned passwords and lockout duration on sign-in attempts.
Various settings exclusive to Microsoft 365 groups including Teams.
Prohibited Names Settings
Banned terms for application display names.
Custom Policy Settings
Setting a Custom Conditional Access Policy URL.
Consent Policy Settings
Ability to give user consent, admin consent and group-specific consent to applications.