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Taken from this thread:

The game is running way too fast
  • turn on frame limiting, and set the limit to Auto. You can also manually set it to 60 (NTSC) or 50 (PAL). thanks to Shendo for making the pic.
    Image
  • MDECs and XA music play at unlimited speed but everything else responds to the frame limit? This is a recent problem, and it's caused by dual core CPUs. you need to set it so that your epsxe.exe runs on a single core. for more information, check this thread. thanks to dbhankins for this fix. Also, if you are using a dual core AMD processor, install the dual core optimizer, as well as the processor driver, from here.
That's not exactly what Peops looks like, but it's similar.
 
The only other emulators that don't require a BIOS is the HLE version of AdriPSX and VGS/Bleem, but they are way outdated. Here's a good thread with BIOS info. Use your intuition ;)

Anyway, I strongly suggest using a different emulator. PCSX is good (and I use it for some games) but other emulators have been through more development and are more refined, especially ePSXe, PSXeven, and pSX.

On a side note, it's 'BIOS' not 'BIOs'. A very minor thing, I just had to point it out :p
 
Careful with AdriPSX though, it doesn't support proper memory card saves and thus you can't transfer saves to another emulator or change discs.

And did you read the link I posted? In that case you can use ePSXe or PSXeven or whatever emulator you want ;)
 
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